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Uganda sees fiscal deficit halving to 3% of GDP by 2031

15 Jul 2026, 15:03 GMT By CGTN
Uganda sees fiscal deficit halving to 3% of GDP by 2031
Credit: CGTN

Uganda expects its fiscal deficit to narrow to 3% of gross domestic product by the 2030/31 financial year, down from 6% this year, as the government shifts toward cheaper external borrowing to rein in debt-servicing costs.