Govt fails to utilise Shs1.3 trillion of borrowed funds

Twelve loans valued at Shs1.3 trillion expired before disbursement to respective ministries and government entities for use, according to the Auditor General.

According to the Auditor General’s report for the year ended June 2020, the failure to utilise the borrowed money  was due to low levels of loan absorption, which is affecting government projects and service delivery.

Read more: Daily Monitor

 


 

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