“To determine whether Uganda’s current level and rate of indebtedness is sustainable or not, requires one (within the country’s macro economic framework) to note that debt sustainability is a function of cost of borrowing and performance of the economy, in particular exports. It would also be taken on from the perspective of the country’s ability to continuously meet repayment obligations without compromising budget expenditure priorities. Beyond the budget, the availability of foreign exchange is also crucial, particularly for external debt.”