Cecilia Ogwal and President Yoweri Kaguta Tibuhaburwa Museveni
Dokolo District Woman MP Cecilia Ogwal has accused President Yoweri Kaguta Tibuhaburwa Museveni’s government of mortgaging the future of Uganda’s grandchildren.
Standing at just over Shs55tn, above the estimate 2021/22 financial year budget, Uganda’s public debt has already crossed the 50 per cent mark when compared to the GDP.
Yet government continues to borrow to finance public expenditure and huge infrastructure projects.
Corruption and inflated projects costs also hew a considerable amount of money off the loans and national revenue.
To seasoned politician Ogwal, the Museveni administration could be mortgaging the future of Uganda’s grandchildren.
“We are sustaining our debt on the heads of your grandchildren,” she told NTV.
“The government is mortgaging their future.”
To clear the Shs55tn public debt, each of the 44 million Ugandans would need to pay Shs1.25m.
LIST: Education Ministry Hires Lecturers for Government Oil School
TIME TO EAT! Billions Approved for RDCs’ Allowances and Facilitation on Top of Huge Salary…
Six People Killed in Accident as Taxi Transporting Wedding Guests to Nakasongola Overturns
SAD! Makerere University Student Found Dead in Her Room
Anita Among, the Speaker of Uganda's Parliament, has reportedly acquired a Rolls Royce Cullinan 2025…
LIST: Names of Teachers Confirmed on Government Payroll – Including Four Who Were Dead by…