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This paper takes stock of the main fiscal risks facing the EAC partner countries. These include macroeconomic shocks, and specific risks, such as the financial performance of the public enterprises, large infrastructure projects, PPPs, and pension funds. In addition, weaknesses in the institutional framework are reviewed. This analysis highlights some of the largest risks and begins to give a sense of the potential magnitudes involved.
This 2017 Article IV Consultation highlights that Uganda’s recent economic performance has been sound, notwithstanding a slowdown in growth. Real GDP growth is estimated to have slowed to 3.9 percent in FY2016/17, reflecting domestic factors and external headwinds, including the drought in the Horn of Africa. The banking sector remains well-capitalized overall. However, elevated nonperforming loans have constrained bank lending which contributed to the growth slowdown. Food price inflation increased owing to the drought, but core inflation was 5.1 percent in May 2017, in line with the Bank of Uganda’s target. The outlook is broadly favorable. With steadfast policy implementation and assuming improved weather conditions, growth could accelerate to 5 percent in FY2017/18.
Following a coup d’état in September 2021 and a year of socio-political tension, the situation has stabilized after the authorities agreed with ECOWAS on a revised, shorter (24-month) transition calendar. While the non-mining sector remains weakened by the subsequent shocks—the pandemic, political uncertainty, the global food and fuel price shock and ensuing food insecurity—overall growth remains buoyant, driven by strong mining production. Inflation hovered around 12 percent for most of 2021 and 2022, despite significant international prices pressures. Food insecurity became increasingly acute during 2022 stemming from the price shock and could be exacerbated next year.
This paper evaluates the status of fiscal transparency in Uganda, where some key elements of fiscal transparency are in place. These have been augmented in recent years through a number of reforms. The Public Finance Management Act 2015 specifies the budget calendar, the main contents of budget documents, and the roles of the legislature and the executive in the budget process. There are some problems with the coverage, quality, and reliability of some information. Improving fiscal transparency will give the government a better understanding of the fiscal position and its exposure to fiscal risks, which will support effective fiscal and budget management in the face of these challenges.
The purpose of this church shall be as revealed in the New Testament, to win people to faith in Jesus Christ and commit them actively to the church, to help them to grow in the grace and knowledge of Christ that increasingly they may know and do His will, and to work for the unity of all Christians and with them engage in the common task of building the kingdom of God. A Pioneer Church in the Oconee Territory will take you on a journey from the early settlement of Mannakin Town, Virginia, to the Scull Shoals Community on the east bank of the Oconee River in northern Georgia. This journey was actually made by the early ancestors of the Antioch Christian Church during the Oconee Indian Wars and at the beginning of the American Restoration Movement. Today Antioch Christian Church is still the location of Scull Shoals voting precinct. Anyone who loves American history, genealogy, and has an interest in the early association between church and state will find A Pioneer Church in the Oconee Territory an invaluable reference. It contains facts of "the way it was" as far back as 1793 and the way life in America transpired within rural Georgia.
Published for more than 24 years, there is no substitute for the Worldwide Government Directory, which allows users to identify and reach 32,000 elected and appointed officials in 201 countries, plus the European Union. Extensive coverage that includes over 1,800 pages of executive, legislative and political branches; heads of state, ministers, deputies, secretaries and spokespersons as well as state agencies, diplomats and senior level defense officials. It also covers the leadership of more than 100 international organizations. World Government contact information that includes phone numbers and email. Listings include: Name, addresses, telephone and fax numbers, email and web addresses Titles Hierarchical arrangements defining state structures
Owmers manual.
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