Hindi nagbibigay ng serbisyo ang XM sa mga residente ng Estados Unidos.

Uganda to curb commercial borrowing to limit debt build-up



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 2-Uganda to curb commercial borrowing to limit debt build-up</title></head><body>

Uganda's debt has risen due to infrastructure spending

Debt service seen eating up 40% of domestic revenue

Finance minister plans to prioritise concessional loans

Moody's downgraded country's sovereign rating last month

Writes through

By Elias Biryabarema

KAMPALA, June 13 (Reuters) -Uganda hopes to limit rising debt by focusing on concessional borrowing and curbing commercial loans next fiscal year, its finance minister said on Thursday, after a credit rating downgrade last month.

The East African country's public debt has been mounting as the government of President Yoweri Museveni splurges on big infrastructure projects, prompting warnings from its central bank.

In May, Moody's lowered Uganda's sovereign rating, citing increasingly constrained financing options.

Finance Minister Matia Kasaija said in a budget speech that total public debt stood at $24.7 billion at the end of last year and was seen rising to $25.7 billion by the end of this month.

Debt service costs excluding domestic debt redemptions were projected to swallow 40.3% of domestic revenue in the fiscal year that starts in July, up from 33.4% in the current year.

Uganda's government says borrowing has been used to drive economic growth, which has been faster than many of its African peers since the COVID-19 pandemic.

The economy was expected to grow between 6.4% and 7% next fiscal year, Kasaija said, spurred by oil and gas activities ahead of planned crude oil production starting in 2025/26.

The budget deficit was projected to rise to 5.7% of gross domestic product (GDP) next fiscal year, up from 4.5% this year.

"Uganda's economy has fully recovered from the various external and internal shocks that impacted performance in the past four years," Kasaija said.

The government plans to spend 72.1 trillion Ugandan shillings ($19.4 billion) next fiscal year.

It will start construction of a $2.2 billion standard gauge railway aimed at cutting the cost of international trade.

Other big projects include the $5 billion East African Crude Oil Pipeline that is being developed to help the country export its oil via Tanzania.

($1 = 3,725.0000 Ugandan shillings)



Reporting by Elias Biryabarema;
Additional reporting by Hereward Holland; Editing by Alex Richardson
Editing by Alexander Winning

</body></html>

Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.

Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.

Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.

Babala sa Risk: Maaaring malugi ang iyong kapital. Maaaring hindi nababagay sa lahat ang mga produktong naka-leverage. Mangyaring isaalang-alang ang aming Pahayag sa Risk.