World Bank advises Uganda on economic recovery
Uganda’s burgeoning debt levels are a concern of the world bank according to economists and the country should retain it’s spending strategies in light of current and future economic pressures. According to the world bank an increase in government expenditure to the tune of an estimated 25% against the deficit of nearly 10% funded through domestic borrowing and non concessions terms could have serious implications for debt and budget distortion through supplementary budgets.
