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BoU Warns Excess Government Borrowing Could Crowd Out Private Sector

Summary by Watchdog Uganda
Bank of Uganda Governor Michael Atingi-Ego has warned that higher-than-planned Government borrowing could push up interest rates and undermine private-sector access to credit, even as he said the domestic financial market has sufficient capacity to absorb the Government’s planned borrowing. Atingi-Ego was appearing before the Budget Committee of Parliament, chaired by Gabriel Okumu, on Monday, […]
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Uganda Mirror broke the news on Monday, September 21, 2026.
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