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Uganda’s trade deficit narrows to sh1.224 trillion
The balance of payments summarises the economic transactions of an economy with the rest of the world and includes exports and imports of goods, services and financial assets, along with transfer payments (like foreign aid).
The permanent secretary and secretary to the treasury Ramathan Ggoobi addressing a press conference at finance headquarters on October 15, 2024. (Photo by Francis Emorut)
By: NewVision Reporter, Journalists @NewVision
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Uganda’s balance of payments is gradually stabilising, a sign that the manufacturing sector is blossoming, exporting more, especially to the region.
The balance of payments summarises the