Central Bank Warns Against More Borrowing as Public Debt Hits UGX 53 Trillion

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Bank of Uganda (BoU) has warned that the rate at which Uganda's public debt is increasing is a cause for worry as the country now hits 53 trillion Shillings in debt.BoU Governor Emmanuel Tumusiime Mutebile issued the warning on Thursday while appearing before Parliament’s National Economy Committee, where he was summoned to discuss the impact of the COVID-19 pandemic on the economy.Mutebile told