Uganda’s public debt has climbed to Shs106 trillion (approximately $29 billion), indicating an increase of Shs12 trillion in just six months.
Economists have warned that the country’s shift toward domestic borrowing could push it from moderate to high-risk debt distress, limiting options for restructuring.
The warning came during the launch of the Maputo Manifesto Declaration, highlighting how debt-servicing pressures have led to cuts in health and education budgets disproportionately impacting women, who make up nearly 90% of the informal workforce.
