Uganda's Fiscal space to respond to future economic shocks|MORNING AT NTV
According to Moody's, Uganda's reliance on expensive domestic and non-concessional external financing sources has heightened its external vulnerability risk. Consequently, debt affordability has weakened, with interest payments consuming 22.2% of government revenue in fiscal 2023, up from 14.2% in fiscal 2019. Does this trend limit Uganda's fiscal space to respond to future shocks if it persists?
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