FDC expresses concern over Uganda’s public debt



By Ronald Kabuye

Opposition Forum for Democratic Change FDC says that the country’s current debt of 10.7 billion United States dollars and the rate at which government is borrowing only indicates that the country is seated in deep trouble.

The party’s spokesperson Hon. Ibrahim Ssemujju cautioned those borrowing the country money while well knowing that it’s not used for developmental projects but rather the ruling National Resistance Movement NRM work to stop since they risky lossing the money in the future.

According to Ssemujju for the country to meet it’s current public debt every Ugandan inclusive of toddlers must pay not less than one million shillings.

Just last week the minister for finance Matia Kasaija revealed that the country wants to locally borrow over 700 billions shillings to meet the public servants salaries, security and energy neccesities.

In the same way the projected 2018/2019 Budget stands at 29.2 trillion shillings out of which 15 trillions will be locally generated and 152 billions will be donor funding and the rest will be locally and externally borrowed.

Ssemujju also asserted that by the way president Museveni runs the country makes one think all is well yet it’s in trouble.

He also alleged that president museveni first paid the NRM MPs who voted in support of age limit removal before they headed to kiboga district for the celebration of the same.

“Each of the yes MPs was given 60 million totalling to 19.2 billion and promised them more 100 millions and that the NRM secretiat was given 20 billion hence the wrangles between the secretary general Justine Kasule Lumumba and the NRM ec boss Tanga Odoi.

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