Bank of Uganda warns on debt levels
Debt levels could be closer to 50% of GDP if undisbursed loans are taken into account
Uganda’s central bank has warned the country’s debt-to-GDP ratio could be closer to the 50% danger level than headline figures imply.
According to the Bank of Uganda’s latest State of the Economy report, public debt as a share of GDP stood at 28.1% at the end of 2017.
“However, including committed but undisbursed loans, the ratio of total public debt to GDP is closer to the threshold,” the central bank says. The central bank’s public debt management framework benchmarks 50% as the danger
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