Uganda sees fiscal deficit halving to 3% of GDP by 2031
15 Jul 2026, 15:03 GMT
By CGTN
Topic: africa
Credit: CGTN
Source URL: https://newsaf.cgtn.com/news/2026-07-15/Uganda-sees-fiscal-deficit-halving-to-3-of-GDP-by-2031-1ONTRGtbcR2/p.html
Uganda expects its fiscal deficit to narrow toÂ 3% of gross domestic product by the 2030/31 financial year, down fromÂ 6% this year, as the government shifts toward cheaper external borrowing to rein in debt-servicing costs.