How the Uganda budget helpful resource for FY2025/26 are allocated
1⃣ Wages & Salaries – Shs 8.57 trillion
2⃣ Non-Wage Recurrent Expenditure—Shs 28.33 trillion (includes operations, wealth creation funds, science & tech, training & well being grants, medicines, infrastructure repairs, and past-time funds)
3⃣ Type Expenditure – Shs 18.24 trillion
4⃣ Home Debt Refinancing – Shs 10.03 trillion
5⃣ Debt Amortization – Shs 4.98 trillion
6⃣ Compensation to Monetary institution of Uganda – Shs 493 billion
7⃣ Clearing Home Arrears – Shs 1.4 trillion
8⃣ Local Authorities (Possess Income) – Shs 328.6 billion
Financing technique
✳ Bettering tax administration to lift an extra Shs 1.89 trillion.
✳ Introduction of novel tax measures to lengthen domestic income by Shs 538.6 billion.
✳ Rationalising tax exemptions to get rid of inefficient ones that carry out no longer toughen industrial coverage.
✳ Repurposing resources within the budget for FY 2024/25 from less productive to high-impact areas fixed with the Tenfold Development Technique.
✳ Mobilising more concessional financing from global financial institutions such because the World Monetary institution, IMF, African Type Monetary institution, Islamic Type Monetary institution, BADEA, and heaps others.
✳ Mobilising fashion finance from other innovative sources, in conjunction with Public Non-public Partnerships, local climate finance, non-public equity, Sukuk bonds, Panda bond, diaspora bonds, and heaps others.
Kampala, Uganda | Xinhua | Uganda has projected a seven percent economic growth for the 2025/26 financial year, with expectations of reaching double-digit growth when the country begins oil and gasoline manufacturing.
Finance Minister Matia Kasaija told Parliament on Thursday that the Ugandan economy has strengthened its resilience to both domestic and exterior shocks.
While presenting the nationwide budget estimates for the 2025/26 financial year, which begins on July 1, Kasaija favorite that the Ugandan economy is projected to grow to 66.1 billion U.S. dollars.
“This also can translate staunch into a elevated GDP per capita of 1,324 dollars next financial year, in comparison with 1,263 dollars estimated for this financial year ending June 30,” he said.
Kasaija favorite that the economy is predicted to grow by 6.3 percent within the most modern 2024/25 financial year, following a worthy 8.6 percent growth recorded within the third quarter. Within the old fiscal year (2023/24), the economy expanded by 6.1 percent.
Kasaija said the growth has been big-based entirely, driven by sturdy performance in agriculture, industry, and companies equivalent to files and communications technology.
He attributed this growth to ongoing authorities interventions and the implementation of sound fiscal and monetary policies that occupy supported investment within the non-public sector. ■
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