Shs 806.3bn bailout: Dei Biopharma, Roko benefit
BY The Observer KAMPALA.Last month, the minister of Finance, Matia Kasaija, presented a Shs 72.1 trillion budget for the financial year 2024/25. According to the budget, the government is projected to generate Shs 32.3 trillion through revenue collection to fund its activities. Additionally, the government expects to borrow Shs 1.3 trillion from external sources and Shs 8.9 trillion from internal sources. Domestic debt refinancing is anticipated to amount to Shs 19.8 trillion, with Shs 9.5 trillion allocated for project support through grants and loans.The budget estimates indicate that the first allocations will go towards external debt repayments, totalling Shs 3.149 trillion. Project support through loans and grants is allocated Shs 9.583 trillion. Domestic refinancing is set at Shs 12 trillion, while interest payments are a substantial Shs 9 trillion. Other allocations include Shs 603 billion for the recapitalization of the […]