Effect of balance of payment deficit on economic growth of Uganda
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Date
2004-08
Authors
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Publisher
Kampala International University, Faculty of Business and Management
Abstract
The study was carried out to determine the effect of balance of payments deficit on the
economic growth of Uganda. It was clearly discovered that there was a problem in the
balance of payment statement as a result of poor exports, high expenditure level on
imports that are greater than what is earned from exports. It is due to this that the
objective of the study was carried out to;
• To establish and analyze the balance of payment records and their effects on
economic growth.
• Composition of Uganda's outputs and inputs.
• Relationship between the economic growth indicators.
• To find out what level does Uganda depend on the external sources of funds.
The study used primary and secondary data as collection methods. The collected findings
established that there was varying expenditure, income patterns which led to the balancer
of payment deficit thus affecting economic growth.
From the findings the following were recommended;
• Gover5ment should adopt best expenditure patterns.
• Improve on the quality of exports.
• Proper implementation and book keeping of records
With the above recommendation and more to be looked at it is hoped that this will solve
the balance of payment deficit leading to reduced over dependence on external sources of
funds hence increasing the economic growth of Uganda
Description
A research report submitted to the Faculty of Business and Management in partial fulfillment for the Award of Bachelor of International Business Administration Kampala International University
Keywords
payment deficit, economic growth