Ugandan deputy calls for caution in forecasting deficits

uganda

Fiscal policy-makers in sub-Saharan Africa should be "cautious" when it comes to forecasting the deficits they can finance, allowing for the possibility of losing market access, the Bank of Uganda deputy governor has said.

Louis Kasekende, on May 3, warned financing conditions in both external and domestic markets can "tighten very rapidly", reducing the scope for financing deficits via the markets.

If conditions worsen and monetary financing "becomes inevitable", as governments cannot raise the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: