IMF Warns Uganda’s Public Debt Could Hit 60% of GDP by 2030/31

KAMPALA: Uganda’s public debt is projected to rise to about 60% of gross domestic product by the 2030/31 financial year unless the government undertakes stronger fiscal consolidation, the International Monetary Fund has warned, pointing to rising interest costs and heavy reliance on expensive domestic borrowing as key vulnerabilities. In its 2026 Article IV Staff Report, …