Energy Markets
Uganda to cut spending, domestic borrowing in 2025/26, financing ministry says
Uganda's government strategies to cut costs by just over a 5th and domestic loaning by simply over a half in the 2025/26 (JulyJune) fiscal year, the finance ministry stated on Friday. Uganda's rising public financial obligation load has been sustaining issues among oppositions politicians and also set off ratings agencies Fitch and Moody's to cut the nation's credit rating. The federal government says loaning has actually been used to drive economic growth, which has actually been faster than much of its African peers given that the COVID-19 pandemic. Overall federal government costs for 2025/26 is forecasted at 57.4 trillion Ugandan...