Govt maintains cautious spending
Uganda, March 3 -- Government continued to exhibit a cautious spending regime, cutting down expenditure by at least Shs352.9b during January.
During the month, government spent Shs3.3 trillion, a 94.6 percent performance against a planned Shs3.5 trillion, resulting into Shs973.6b deficit compared to the planned Shs1.3 trillion.
The pattern implies that government is increasingly guarding against borrowing, which fuels a rise in public debt and constrains debt servicing.
During the period, government spent Shs979.7b or a performance rate of 83.6 percent against a planned Shs1.177 trillion while domestic development expenditure took Shs842.3b against a planned Shs991.5b.
However, revenue and grants were higher than planned with domestic...
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