Casual workers load bags of unprocessed rice on lorries from National Irrigation Board offices in Ahero, Kenya for export to Uganda on May 10, 2017. PHOTO | NMG
Uganda’s finance ministry has said the country’s trade deficit with the rest of the world has narrowed both on a monthly and annual basis, owing to an increase in export receipts that more than offset the rise in the import bill.
The finance ministry’s monthly economy performance report for July 2023, indicates that “between May and June 2023, the merchandise trade deficit narrowed by 12.3 percent from $82.08 million to $247.43 million.”
