‘National debt still manageable’- Ramathan Ggoobi
The ministry of finance planning and economic development says its taking key steps to enforce and enhance a better management of the national debt as a strategy to ensure that it remains sustainable
According to the Bank of Uganda report, our public debt stood at 19 billion dollars which is approximately 70.4 trillion shillings by 1st July this year.
The permanent secretary ministry of finance planning and economic development also secretary to the treasury, Ramathan Ggoobi says that at the moment the national debt remains sustainable as he also dismissed fears that Uganda has over borrowed
Meanwhile Ggoobi believes that reforms being conducted especially in handling procurement will help address corruption.