Civil Society Organizations (CSOs) working towards enhancing prudent and transparent debt
acquisition and management in Uganda have expressed concern over rising levels of uganda’s public debt.
This is as a result of excessive borrowing,bureaucracy that delays the payment for goods and services and failure to utilize borrowed funds.
Uganda’s public debt has risen to 73.8 trillion shillings there by raising concern among civil society organization.
The Minister of Finance explained to parliament that government takes long to dispense borrowed funds because many projects are badly written.
How ever Civil society organization comprised SEATINI Uganda, Uganda Debt Network and transparency international are appealing to government to start plan for projects before borrowing funds to save government from paying high interest rates on un utilized loans as Peninah Mbabazi from SEATINI explains.
