Matia Kasaija

The Auditor General’s latest report that is before Parliament puts Uganda’s public debt at Shs 41.3 trillion as at June 30, 2018, an increase of Shs 32.3 trillion in 10 years since the 2006/2007 financial year with about 32.4 percent…

This follows media reports quoting the State Minister of Finance (Planning) David Bahati as saying that President Yoweri Museveni had issued a directive to ban all sports betting companies.

The media last week was awash with reports that Uganda’s public debt had reached worrying levels after the Auditor General reported that the debt had moved within 9 percentage points of the IMF threshold.