According to the latest Annual Debt Statistical Bulletin (June 2025), Uganda's total public debt had reached Shs116.2 trillion (US$32.3 billion), approximately 51.3% of GDP. That represents a 26.2% increase from the previous year's Shs89.5 trillion. Domestic borrowing alone soared by nearly 49% in one year--from Shs40.6 trillion to Shs60.3 trillion--while external debt climbed to Shs55.9 trillion. [...]