Bank of Uganda Governor Michael Atingi-Ego has warned that higher-than-planned government borrowing could push up interest rates and undermine private-sector access to credit. He made the remarks while appearing before the Budget Committee of Parliament on Monday, 21 September 2026, to assess Uganda's Charter of Fiscal Responsibility. The Governor described the Charter as "broadly credible" but cautioned that its projections depend on maintaining fiscal discipline, managing petroleum revenues prudently, and keeping domestic borrowing within projected levels. He also noted that the domestic financial market has sufficient capacity to absorb the government's planned borrowing.
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