{"id":20504,"date":"2024-06-17T09:16:59","date_gmt":"2024-06-17T09:16:59","guid":{"rendered":"https:\/\/citizenposts.com\/?p=20504"},"modified":"2024-06-17T09:16:59","modified_gmt":"2024-06-17T09:16:59","slug":"reckoning-with-ugandan-government-debt-in-the-post-pandemic-lockdown-economy-2024-25","status":"publish","type":"post","link":"https:\/\/citizenposts.com\/index.php\/2024\/06\/17\/reckoning-with-ugandan-government-debt-in-the-post-pandemic-lockdown-economy-2024-25\/","title":{"rendered":"Reckoning with Ugandan Government Debt In The Post Pandemic Lockdown Economy 2024\/25"},"content":{"rendered":"
The Ugandan government runs up debt like it doesn’t have to ever pay it back. Last year, it spent nearly twice the amount it collected in taxes, running over outstanding budget deficit in balances of payments alone notwithstanding civil servants’ dismal salaries and wage bills paid in arrears amidst the corruption inherent from the top echelons of authority in the ministries down to the local government administrative apparatus.<\/div>\n
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Imagine if the average Ugandan household behaved like that, what is pending is stressful.<\/div>\n
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The median family income in Uganda is modestly around or below Ugx35m per annum. According to Uganda Bureau of Statistics, if the median family managed its budget like the government, it would’ve spent 25,000,000.00\/= per month per Member of Parliament last year and racked up the 30% difference in supplementary borrowed loans and interest payments on domestic and foreign debt, that’s on top of the 5 billion per day in discretionary spending for Statehouse general and security operations , Ugandans could perennially live in debt despite the statusquo permitting impunity.<\/div>\n
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Of course, individual Ugandans don’t have the government’s luxury of being able to pay back debt by simply borrowing more money.<\/div>\n
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The business climate is full of “kavuyo”. No wonder, it has become a scenario of Darwin’s theory of Natural selection..Survival for the fittest in the Ugandan sense of being shrewd and manipulative of the systemic loop holes inherent in the network of hard core and well-connected “thieves” and “liars” amongst the technocrats, bureaucrats and policy makers in the local and central government agencies yet to be audited by the Auditor general or investigated for corruption by the office of the IGG.<\/div>\n
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Let’s wake up and voice our concerns for the better financial health of us all.<\/div>\n
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Joy Ochama<\/div>\n<\/div>\n
The Writer Is A concerned Ugandan Citizen<\/div>\n
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DISCLAIMER: The views expressed in this article, are solely for and belong to the author\/ writer. They don’t reflect, portray or represent those of Citizen Posts, it’s affiliates, owners or employees. If you have a story in your community or an opinion article, let’s publish it. Send us an email via citizenposts24@gmail.com<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

The Ugandan government runs up debt like it doesn’t have to ever pay it back. Last year, it spent nearly twice the amount it collected in taxes, running over outstanding budget deficit in balances of payments alone notwithstanding civil servants’ dismal salaries and wage bills paid in arrears amidst the corruption inherent from the top […]<\/p>\n","protected":false},"author":1,"featured_media":20505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"tdm_status":"","tdm_grid_status":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[35,37],"tags":[126,78,129],"class_list":{"0":"post-20504","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-citizen-business","8":"category-citizen-opinions","9":"tag-budget2024","10":"tag-corruptionuganda","11":"tag-government-of-uganda"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/citizenposts.com\/wp-content\/uploads\/2024\/06\/Finance-minister-Matia-Kasaija-delivering-budget-speech.jpg?fit=760%2C487&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citizenposts.com\/index.php\/wp-json\/wp\/v2\/posts\/20504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citizenposts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citizenposts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citizenposts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/citizenposts.com\/index.php\/wp-json\/wp\/v2\/comments?post=20504"}],"version-history":[{"count":1,"href":"https:\/\/citizenposts.com\/index.php\/wp-json\/wp\/v2\/posts\/20504\/revisions"}],"predecessor-version":[{"id":20506,"href":"https:\/\/citizenposts.com\/index.php\/wp-json\/wp\/v2\/posts\/20504\/revisions\/20506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citizenposts.com\/index.php\/wp-json\/wp\/v2\/media\/20505"}],"wp:attachment":[{"href":"https:\/\/citizenposts.com\/index.php\/wp-json\/wp\/v2\/media?parent=20504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citizenposts.com\/index.php\/wp-json\/wp\/v2\/categories?post=20504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citizenposts.com\/index.php\/wp-json\/wp\/v2\/tags?post=20504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}