Uganda : Technical Assistance Report-Managing and Preventing Expenditure Arrears

Author/Editor:

International Monetary Fund. Fiscal Affairs Dept.

Publication Date:

September 15, 2017

Electronic Access:

Free Full Text (PDF file size is 1344 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

There has been a significant increase in the stock of verified arrears. The stock at end of FY 2016 stands at UGX 2.7 trillion, equivalent to 3.2 percent of GDP, an increase of over 90 percent over the last FY. In the absence of an ageing analysis the vintage of arrears cannot be determined. The reported stock does not fully cover budgetary central government (BCG)—sub-vented agencies; all categories of expenditure (salary and pensions); local government and the broader public sector. Discrepancies exist between the verified stock and the annual financial statements. While some of these may be due to differences in coverage and timing of submissions, there are issues with the definition and recognition of arrears that do not encourage their full disclosure.

Series:

Country Report No. 17/271

Subject:

English

Publication Date:

September 15, 2017

ISBN/ISSN:

9781484317815/1934-7685

Stock No:

1UGAEA2017010

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

40

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