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Tag Archives: Domestic borrowing

Gov’t protects private sector from domestic borrowing impact

Kampala, Uganda | THE INDEPENDENT | The spike in domestic borrowing by the government has increased the discomfort in the private sector, as commercial banks also raise their interest rates. Commercial banks have been announcing new prime lending rates over the last three months, attributing their decisions on ‘current business environment’ …

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Domestic borrowing will not hurt economy – Bahati

Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance David Bahati has convinced the National Economy committee of Parliament to allow government to borrow domestically saying the economy will be minimally hurt. Bahati was appearing before the committee led by Syda Bbumba to respond to queries raised by Members …

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