Uganda intends to significantly increase its domestic borrowing to 6.8 tln shillings for FY23/24, more than doubling its current level. This shift, as reported by Reuters citing the finance ministry, is to meet new spending needs amid high foreign borrowing costs, with interest rates around 10% for foreign-currency loans. Earlier, Finance Minister Kasaija noted his plans to raise 3.2 tln shillings through treasury bills and bonds.