Govt arrears now at sh10 trillion
The government owes different organizations and persons up to 10.818 trillion shillings in unpaid amounts payable for various goods and services, fines, penalties, and taxes.
Govt arrears now at sh10 trillion
The government owes different organizations and persons up to 10.818 trillion shillings in unpaid amounts payable for various goods and services, fines, penalties, and taxes.
About 316 billion shillings are in pension arrears, according to the updated audited arrears schedule for the financial year 2022/2023.
Domestic arrears have been an issue in accountability regarding Uganda’s total indebtedness, with experts and politicians arguing that the debt level is far higher than the estimated 50 percent of GDP because arrears are hardly considered.
The Auditor General’s report put the country’s debt at 96 trillion shillings, while the Ministry of Finance, Planning and Economic Development reported 86 trillion as of the end of 2022/2023.
The bulk of the arrears are in sums due from goods and services supplied to the central government’s ministries, and these total 3.1 trillion shillings, including pension arrears of about 270 billion.
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