May 15, 2025 – Kampala — In a landmark decision, Uganda’s Parliament has officially ratified a sweeping budget of 72.4 trillion Ugandan shillings (approximately $20 billion) for the fiscal year 2025/26. This ambitious financial plan maintains expenditure levels akin to those of the preceding year and strategically emphasizes sectors essential for propelling economic transformation and achieving sustainable development.

Central to the budget is a robust focus on critical areas such as agro-industrialization, a strategic initiative designed to bolster food security and develop high-value agricultural products. The tourism sector, poised for a promising resurgence following pandemic setbacks, also receives significant support, reflecting confidence in its potential to revitalize the economy. Mineral development, particularly within the rapidly evolving petroleum sector, has also been earmarked for substantial investment. With the anticipated onset of oil production by late 2025, the budget allocates considerable resources toward constructing vital infrastructure—roads, pipelines, and processing facilities—necessary to support this burgeoning industry.

Legislators affirm that this comprehensive spending plan underscores the government’s steadfast commitment to driving job creation, broadening economic diversification, and enhancing the nation’s export capabilities, thereby positioning Uganda for long-term growth.

Finance Minister Matia Kasaija is set to deliver a meticulous presentation of the budget allocations on June 12, where he will elucidate the distribution of funds across various ministries and programs. This eagerly awaited session promises to shed light on the government’s strategic priorities and implementation roadmap, drawing interest from the public and investors alike.

This budget arrives at a crucial juncture for Uganda, as the nation strives to harmonize essential infrastructure investments with prudent fiscal management in light of escalating national debt levels. The government is steadfast in attracting foreign investment, recognizing its indispensable role in stimulating economic growth and fostering technological advancement. Through these initiatives, Uganda aspires to solidify a robust foundation for enduring prosperity within a competitive regional economic landscape.

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