Story perspectives

Uganda's $32.3 Billion Debt Sparks Calls for Reform

1/9/2026

50 9

Summary

Story summary

Uganda's national debt has reached $32.3 billion, raising concerns about fiscal management.
Economists note a 9 trillion Ugandan shilling ($2.5 billion) loan approval could harm future growth.
Critics say borrowing yields little public benefit and funds are often mismanaged.
Residents urge a halt to borrowing until stronger management and accountability for misuse are in place.
The government projects 10.4% growth from anticipated oil production, while experts call for systemic reforms.

1 of 1

Story summary

Uganda's national debt has reached $32.3 billion, raising concerns about fiscal management.
Economists note a 9 trillion Ugandan shilling ($2.5 billion) loan approval could harm future growth.
Critics say borrowing yields little public benefit and funds are often mismanaged.
Residents urge a halt to borrowing until stronger management and accountability for misuse are in place.
The government projects 10.4% growth from anticipated oil production, while experts call for systemic reforms.