Uganda, Feb. 28 -- This is one of the measures under the Public Debt and Other Financial Liabilities Management Framework 2023/28 that seek to mitigate the challenges of the rising debt stock

The Ministry of Finance has said government will in the five years to 2028 not issue any loan guarantee to private individuals because they carry monetary risks that may result into unplanned expenditure by government.

The move is among a raft of measures contained in Public Debt and Other Financial Liabilities Management Framework 2023/28 through which government is seeking to efficiently and sustainably manage public debt.

The Framework noted that guarantees to private individuals carry risks related to accountability and transparency that usual...