Uganda’s 2023-24 budget increased by 15% to address critical government commitments and unspent funds from the previous year. The budget’s debt component rose to 22.4 tln shillings from 18.95 tln. Uganda is avoiding Eurobond issuance due to the negative financial impacts observed in other countries. So far, the Treasury has released 45.75 tln shillings for the first nine months through the end of March.