Borrowing to fund national budget reducing — finance ministry

The Auditor General, John Muwanga has underscored the wastefulness and inappropriateness of supplementary budgets in his latest audit report to Parliament for the financial year ended June 30, 2023.

PREMIUM News

Ggoobi, who is also the country’s secretary to the treasury, said no country has developed by borrowing too much, but by saving and collecting more revenue.

By NewVision Reporter

Journalists @NewVision

#Ministry of Finance #Ramathan Ggoobi #Auditor General John Muwanga #Public borrowing

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KAMPALA - The Ministry of Finance has said commercial borrowing to fund the national budget is now a thing of the past.

“The window for borrowing for

Borrowing to fund national budget reducing — finance ministry

The Auditor General, John Muwanga has underscored the wastefulness and inappropriateness of supplementary budgets in his latest audit report to Parliament for the financial year ended June 30, 2023.

Ggoobi, who is also the country’s secretary to the treasury, said no country has developed by borrowing too much, but by saving and collecting more revenue.

By NewVision Reporter

Journalists @NewVision

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