The loan facility is to help the Government to extend access to high speed internet in selected areas that, improve efficiency in digital service delivery in selected public sector and strengthen digital inclusion of selected host communities and refugees.
Joyce Baagala Ntwaatwa, the Shadow Minister of Information and Anti-Corruption disclosed that the Opposition produced the first-ever legislative agenda, and overall strategic driver of all the outputs, which was launched on August 30th, 2021 to help the common man.
According to finance minister Matia Kasaija, the debt is sustainable over the medium to long term. But Adam Mugume, the executive director for research at Bank of Uganda disagrees with the assertion and says that continued borrowing will further affect the economy which has already slackened.
A report by Uganda Debt Network tracking Uganda’s debts since 2004 indicates that the external debts had shot to almost six billion US dollars by end of 2012. Julius Mishambi, a director of Programmes at Uganda Debt Network, told Legislators on Thursday that the domestic debts have also increased to over five trillion Uganda shillings.
