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Uganda forecasts 6pc economic growth

By Standard Reporter | September 4th 2020 at 09:00:00 GMT +0300

Uganda's Finance Minister Matia Kasaija said the country's economy will grow 6 per cent in the 2021/22 fiscal year.

The growth will be driven by enhanced domestic revenue from about 13 per cent now to 18 per cent in the next five years, Kasaija said during the National Budget Conference on Thursday. 

The country also plans to limit external borrowing to sustainable levels while prioritising concessional funding and reappraising public investment needs, he said.

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