Seven out of every 10 Ugandans spend more than they earn, according to a survey by Financial Sector Deepening Uganda.
The survey, codenamed FinScope Uganda 2023 and funded by Bank of Uganda, aBi Finance and the Bill & Melinda Gates Foundation, found that 70 percent of Ugandans operate a personal budget deficit, which in essence means that they need more money than they earn to cover…
