Uganda to boost spending by 10pc to support growth

Uganda will increase spending by 10 per cent in the fiscal year starting next month to Ush29 trillion ($8.09 billion) to support flagging economic growth, its finance minister said in a budget speech on Thursday.

The country is estimated to have expanded by 3.9 per cent in the fiscal year to the end of this month, well below an initial forecast of 5.5 per cent, mainly due to a drought and sluggish private sector credit growth.