Fiscal Policy

Economy

Moody’s downgrades Uganda’s credit rating, outlook stable

Ratings agency Moody's has cut Uganda's long-term issuer bond rating by one notch to B2 from B1, but changed the outlook from 'negative' to 'stable.' Moody's said the key driver of its downgrade is Uganda's "sustained erosion of fiscal strength."
The offices of the Ministry of Finance in Kampala.
Economy

Uganda economy to grow less than expected due to drought — minister

Uganda's economy is not in recession and has remained resilient despite several unfavourable conditions, finance minister Matia Kasaija told Parliament today as he delivered a statement on the state of the economy.
Uganda's minister of finance, Matia Kasaija
Economy

IMF urges curb on government spending, praises BoU policy

Bank of Uganda's tight monetary policy has been successful in bringing down inflation to within target, the International Monetary Fund said on Tuesday. But it also raised concerns about high government spending and lower tax collections.
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