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Uganda's Fiscal Deficit Projected to Drop to 3% of GDP by 2031: Media

Uganda's Fiscal Deficit Projected to Drop to 3% of GDP by 2031: Media

Sputnik Africa

Uganda's Fiscal Deficit Projected to Drop to 3% of GDP by 2031: Media The deficit is expected to fall from this year's 6%, supported by a new debt strategy... 15.07.2026, Sputnik Africa

2026-07-15T21:53+0200

2026-07-15T21:53+0200

2026-07-15T22:04+0200

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Uganda's Fiscal Deficit Projected to Drop to 3% of GDP by 2031: Media The deficit is expected to fall from this year's 6%, supported by a new debt strategy relying more on cheaper external credit, according to a central bank report cited by the media.The country's public debt is assessed as moderate risk "although rising debt service costs ​and limited shock absorption capacity point to underlying vulnerabilities," the report said. GDP growth rose to 8.5% in the second quarter of 2025/26, supported by oil‑related investments, robust exports, and agricultural production, the central bank indicated. Uganda's total public debt stock rose 8% to $34.9 billion in the second half of last year, driven largely by higher domestic debt, according to the finance ministry."The Bank’s strategy is anchored in a clear purpose: maintaining price stability, promoting a sound financial system, supporting economic stability, and contributing to Uganda’s socio-economic transformation," the bank said on X.Subscribe to @sputnik_africa Sputnik Africa | X

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