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Gov’t to borrow to finance districts, municipalities

Government will have to borrow Shs 1.465 trillion to run the new districts next financial year, a move that is likely to worsen the country’s debt standing, Keith Muhakanizi, the secretary to the Treasury, has warned. Muhakanizi told a meeting at Sheraton hotel on Monday during the release of the Africa Outlook report 2015 that…

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Gov’t to borrow to finance district...

Government will have to borrow Shs 1.465 trillion to run the new districts next financial year, a mo...

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IGG

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