Uganda’s total public debt increased to USD 23.86 bln by the end of September, with external debt rising to USD 14.64 bln QoQ and domestic debt escalating to USD 10.05 bln. The uptick in external obligations is attributed to higher disbursements and exchange rate fluctuations, while the rise in domestic debt is linked to efforts to cover the budget deficit. The debt-to-GDP ratio also saw an increase, reaching 49.9% from 48.5%, with multilateral creditors accounting for 62.9% of the external debt.