Kampala, Uganda | Parliament of Uganda has approved a Shs 84.39 trillion national budget for the Financial Year 2026/27, marking a significant step in the country’s fiscal planning and economic transformation agenda.
According to the approved framework, Shs 47.16 trillion has been allocated under appropriated expenditure, while statutory expenditure accounts for Shs 37.23 trillion.
The budget will be financed through a combination of revenue streams, including Shs 44.18 trillion in domestic revenue, Shs 1.44 trillion from the petroleum fund, Shs 1.22 trillion in budget support, Shs 11.97 trillion through domestic borrowing, and Shs 11.27 trillion from project support.
Additional financing will come from domestic refinancing amounting to Shs 13.97 trillion and Shs 339 billion in local government revenue.
The theme for the FY 2026/27 budget is: “Full Monetisation of Uganda’s Economy through Commercial Agriculture, Industrialisation, Expanding and Broadening Services, Digital Transformation and Market Access.”
Presenting the budget framework, the Minister of State for Finance (General Duties), Henry Musasizi, told Parliament that the upcoming financial year will mark the first phase of implementing the National Resistance Movement (NRM) Manifesto for the 2026–2031 period.
He further noted that FY 2026/27 will also be the second year of implementing the Fourth National Development Plan (NDP IV), which is aligned with the government’s Tenfold Growth Strategy aimed at expanding Uganda’s economy to USD 500 billion by 2040.
Musasizi emphasized that the budget will focus on consolidating gains made in key sectors, with priority given to the implementation of the Agriculture, Tourism, Mining, and Services (ATMS) strategy, alongside critical economic enablers.
The approved budget underscores government’s continued commitment to economic transformation through increased productivity, industrial growth, and enhanced service delivery.
