Increased government borrowing from domestic commercial banks is making it difficult for the private sector to get credit, two parliamentary reports have found. The reports, one on the state of indebtedness, grants and guarantees, and the other on the performance of the economy during the financial year 2016/17, note that government borrowing from the banking sector is adversely affecting growth and distribution of the much-needed credit to the private sector.
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Source link : http://www.topix.com/world/uganda/2018/05/uganda-govt-borrowing-is-starving-private-sector-of-credit-reports?fromrss=1
Publish date : 2018-05-04 10:30:51