Home Africa Govt spending up by Shs647b in June due to public debt, arrears

Govt spending up by Shs647b in June due to public debt, arrears

Govt spending up by Shs647b in June due to public debt, arrears

Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-07-22 16:29:17

Being the last month of the Financial Year (FY) 2023/24, the total government expenditure went up by Shs647 billion due to salary arrears and interest payments on public debt.

In the June economy performance report, the Ministry of Finance says total government expenditure in June 2024 amounted to Shs4.734 trillion against the planned expenditure of Shs4.087 trillion.

The Ministry of Finance said this was largely on account of higher than projected recurrent expenditure in June 2024.

“Recurrent government spending in the month was Shs3.233…

Read the full article on Uganda Monitor

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