WASHINGTON | Xinhua | The U.S. national debt has surpassed 40 trillion dollars for the first time in history, according to data released by the Treasury Department on Wednesday. The data shows that debt held by the public and intragovernmental holdings stood at 32.266 trillion dollars and 7.782 trillion …
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Kampala, Uganda | URN | Civil society organisations have questioned whether Parliament is effectively exercising its constitutional mandate to scrutinise government borrowing, warning that weak oversight has contributed to Uganda’s rising public debt and poor returns from loan-funded projects. The concerns were raised during a dialogue between Members of Parliament …
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Kampala, Uganda | URN | The High Court Commercial Division has allowed Absa Bank Uganda Limited to proceed with the sale of multimillion-shilling properties belonging to Boss Beverages International Limited after dismissing a long-running loan dispute over alleged wrongful interest calculations. In a judgement delivered through the Judiciary’s Electronic Court …
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Across the Global South, the food- and energy-price shock has morphed into a debt shock that demands an urgent international response COMMENT | MOUSSA FAKI MAHAMAT | As everyone knows, the war in the Middle East has caused a sharp spike in oil, gas, and food prices, creating severe …
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Kampala, Uganda | URN | Parliament has approved a record 84.391 trillion Shillings national budget for the 2026/27 financial year, setting the tone for Uganda’s fiscal direction in the coming years. The budget, passed during a plenary session chaired by Speaker Anita Among on April 24, 2026, is the first …
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Uganda confronts new development reality Kampala, Uganda | PATRICIA AKANKWATSA | Declining global aid flows and shifting geopolitical priorities are forcing a rethink of how Africa finances its development. Participants at the ninth Kampala Geopolitics Conference said this week, warning that traditional models are becoming increasingly unsustainable. The conference, held at …
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Finance ministry figures released on April 9 show fourth-quarter disbursements of Shs17.444tn, lifting total releases to Shs77.001tn—106.4% of the approved budget and 95.1% of the revised plan Kampala, Uganda | JULIUS BUSINGE | The government has released more funds than initially approved for the current financial year ending …
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Kampala, Uganda | THE INDEPENDENT | In its alternative budget for the 2026/27 financial year, the Opposition has warned that Uganda’s rising debt burden, shifting fiscal targets and controversial tax proposals risk undermining livelihoods, weakening institutions and choking service delivery. Presenting the proposals at Parliament on Tuesday, 07 April 2026, …
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How our government’s borrowing and spending is putting our country at the risk of default THE LAST WORD | ANDREW M. MWENDA | In a recent podcast of Bad Natives, I argued that there is a real risk of Uganda defaulting on her domestic bonds in two to …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s total public debt stock increased to USD 34.86 billion (UGX 131.2 trillion) by the end of December 2025, up from USD 34.21 billion (UGX 128.7 trillion) at the end of September 2025. This is despite the debt service totaling UGX1.563 trillion. The 52.7 …
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The Independent Uganda: You get the Truth we Pay the Price
