Uganda’s 2025/26 Budget: A Shift in Priorities
By The Public Lens
Uganda’s Secretary to the Treasury, Ramathan Ggoobi, has unveiled the First Budget Call Circular for the 2025/26 national budget, outlining new financial targets and a significant reduction in overall spending.
The Uganda Revenue Authority is expected to collect UGX33.182 trillion, up from UGX31.982 trillion in 2024/25.
However, the total budget has been trimmed down to UGX57.441 trillion, a notable decrease from the previous year’s ambitious UGX72.136 trillion.
Revenue Sources:
– Domestic Revenue: UGX33.182 trillion
– Petroleum Fund: UGX500 billion
– Budget Support: UGX30 billion
– Domestic Borrowing: UGX4.011 trillion
– Project Support/External Financing: UGX12.812 trillion
– Domestic Refinancing: UGX6.612 trillion
– Local Government Revenue: UGX293 billion
Sector Allocations:
– Human Capital Development (education and health): UGX9.394 trillion
– Governance and Security: UGX7.634 trillion
– Integrated Transport Infrastructure: UGX6.354 trillion
– Mineral Development: UGX25.55 billion
– Mindset Change: UGX36.75 billion
– Information Technology & Digital Transformation: UGX168.01 billion
The budget’s theme centers around “Full monetization of Uganda’s Economy” through commercial agriculture, industrialization, and digital transformation.
Ggoobi stressed the importance of elevating Uganda’s economic growth to over 8% annually by 2040.
Accounting Officers have been instructed to prioritize resource allocation toward high-impact interventions and complete ongoing projects rather than initiating new ones.
They must submit their Budget Framework Papers by November 7, 2024.
The Ministry of Finance has also mandated budgeting for Digital Number Plates to enhance road safety through the Intelligent Transport Management System.
