Browsing: Uganda government borrowing October 2022

About three weeks ago, Ramathan Ggoobi, the Finance, Planning and Economic Development (Mofped) Permanent Secretary and Secretary to the Treasury (PSST), denied reports that President Yoweri Kaguta Tibuhaburwa Museveni’s government was currently broke, insisting that the administration had funds needed to finance the budget for the current (2022-2023) financial year in which the wage bill increased after salaries of ‘scientists,’ who include secondary school teachers of science subjects, were significantly raised.