Uganda’s public debt rose by 8% YoY to USD 25.6 bln, primarily due to increased domestic borrowing, which escalated to USD 11 bln from USD 9.4 bln to support the budget. The external debt also grew slightly to USD 14.6 bln. However, the ratio of public debt to GDP slightly decreased to 46.9% from 47.1% YoY. Uganda also received significant financial support including USD 120 mln from the IMF’s ECF and substantial loans from the World Bank.