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Uganda's Finance Minister, Henry Musasizi, has officially delivered his maiden budget speech, tabling a record UGX 84.39 trillion national budget for the 2026/2027 financial year. Presented at the Kololo Ceremonial Grounds, this budget marks the largest in the country's history and is structured around the ATMS growth framework—focusing on Agro-industrialisation, Tourism, Manufacturing, and Science, Technology, and Innovation. The core objective of this "people-centred" budget is to transition Uganda from incremental development into rapid economic transformation.
Strategic Revenue Mobilization
The government plans to source the UGX 84.39 trillion budget dynamically, with a significant push toward domestic self-reliance:
Domestic Revenue: UGX 44.18 trillion will be collected by the Uganda Revenue Authority (URA), financing roughly 52.7% of the total budget.
Domestic Refinancing: UGX 13.97 trillion.
Domestic Borrowing: UGX 11.97 trillion.
External Project Support: UGX 11.27 trillion.
Petroleum Revenues: UGX 1.44 trillion, marking Uganda's historic first-time integration of direct commercial oil revenues into the active national budget.
Budget Support Grants: UGX 1.22 trillion.
Local Government Revenues: UGX 339 billion.
Major Expenditure Allocations
The budget is divided between discretionary spending (UGX 47.16 trillion) and statutory expenditure (UGX 37.23 trillion). The dominant funding priorities include:
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