{"id":21274,"date":"2025-12-18T08:07:00","date_gmt":"2025-12-18T06:07:00","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/uganda-to-trim-debt-issuance-by-21-in-2026-2027\/"},"modified":"2026-02-27T16:32:23","modified_gmt":"2026-02-27T14:32:23","slug":"uganda-to-trim-debt-issuance-by-21-in-2026-2027","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/uganda-to-trim-debt-issuance-by-21-in-2026-2027\/","title":{"rendered":"Uganda to trim debt issuance by 21% in 2026, 2027"},"content":{"rendered":"<p>Uganda plans to cut its domestic debt issuance by 21.1% in the financial year starting July from the previous period to help trim its ballooning public debt, the\u00a0Finance\u00a0Ministry\u00a0said in a budget paper seen by\u00a0<em>Reuters<\/em>\u00a0on Thursday.<\/p>\n<p>A total of $2.53 billion worth of Treasury bills and bonds will be issued in the June and July 2026, 2027 financial year.<\/p>\n<p>&#8220;This reduction reflects government&#8217;s intention to avoid crowding out of the private sector, curb the rising debt to Gross Domestic Product (GDP) ratio, and address the growing burden of interest payments relative to revenues,&#8221; the ministry said in the paper.<\/p>\n<p>Interest\u2019s payments on Uganda&#8217;s public debt are projected to swallow nearly a third of all domestic revenues in the 2026 and 2027 fiscal year, according to the Ministry.<\/p>\n<p>As a percentage of GDP, public debt rose to 51% in the year to June from 46.8% in the previous period.<\/p>\n<p>&#8220;Such elevated debt service burdens shrink fiscal space, leaving fewer resources available for discretionary spending in high-multiplier, growth-enhancing sectors,&#8221; the\u00a0Ministry\u00a0said in the paper.<\/p>\n<p>Uganda&#8217;s total public debt stood at $32.3 billion as of June, up 26.2% from the same period 12 months earlier.<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":21275,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-21274","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Uganda plans to cut its domestic debt issuance by 21.1%","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21274\/revisions"}],"predecessor-version":[{"id":25008,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21274\/revisions\/25008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/21275"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=21274"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=21274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}