Assessment of the factors affecting Uganda’s external debt burden

Abstract

This study was carried to assess the factors that have led to an increase in the External debt burden. Secondary data about External debt was collected for the period 2000 to 2013 and for the factors that have led to its increase such as Tax revenue, Total reserves, Average grace period on new external commitments and Average maturity on external debt commitments. After the analysis of this data, it was found out that Tax revenue, Total reserves, Average grace period on new external debt commitments and Average maturity on new external debt commitments are negatively related with external debt.