UGANDA DEBT BURDEN: Critics claim that more money goes to waste

Some economic observers have accused the government of being overly indebted. They argue that the loans often fail to achieve their intended objectives, leading to a rise in public debt. These critics claim that a significant portion of the funds goes towards paying commitment fees and interest, largely due to poor planning. According to documents from the Auditor General and the Ministry of Finance, Uganda’s debt now stands at 106 trillion shillings. However, there are concerns that this amount could increase as the government seeks to meet its commitments in the current financial year.