Uganda’s national debt stands at $32.3 billion (€27.5 billion), with the government recently approving a loan of 9 trillion Ugandan shillings ($2.5 billion, €2.1 billion), fueling concern over the country’s spiraling finances.
For many Ugandans, the direct impact of this borrowing is invisible because the promised benefits never seem to materialize. But for economist Steven Alor, the public is paying a heavy price for the government’s fiscal indiscipline.
