Govt to slash fiscal deficit to 2.2%

The Permanent Secretary in the Ministry of Finance, Ramathan Ggoobi, said last month that the country’s fiscal deficit had reduced “very impressively” from 9.7% in 2020/21 to now 4.1%.

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Permanent Secretary in the Ministry of Finance Ramathan Ggoobi revealed that the Government saved sh1.7 trillion from a number of austerity measures it took to reduce consumptive expenditure. File photo

By NewVision Reporter

Journalists @NewVision

#Bank of Uganda #BOU #Fiscal consolidation plan #Deficit

The Bank of Uganda (BOU) has indicated how the Government plans to achieve its fiscal consolidation plan of reducing the deficit to 2.2% in the medium term.

Economists

Govt to slash fiscal deficit to 2.2%

The Permanent Secretary in the Ministry of Finance, Ramathan Ggoobi, said last month that the country’s fiscal deficit had reduced “very impressively” from 9.7% in 2020/21 to now 4.1%.

Permanent Secretary in the Ministry of Finance Ramathan Ggoobi revealed that the Government saved sh1.7 trillion from a number of austerity measures it took to reduce consumptive expenditure. File photo

By NewVision Reporter

Journalists @NewVision

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