Uganda’s Shs84.4tn budget, the largest in the country’s history, allocates substantial funding to security, transport infrastructure, healthcare, education and agro-industrialisation Kampala, Uganda | JULIUS BUSINGE | Uganda’s economic prospects will depend less on policy announcements and more on execution, economists and business leaders have warned, as the country …
Read More »Uganda’s budget of two tales
The government unveiled a record Shs84.4 trillion spending plan; Ordinary people to shoulder costs through pricier fuel, sugar and secondhand apparel COVER STORY | JULIUS BUSINGE | Uganda’s national budget for financial year 2026/27 marks a clear shift in economic emphasis, moving from a broad-based wealth creation agenda …
Read More »Pearl Bank boosts growth of commercial agriculture, aligning its strategy to government’s ATMS agenda
Kampala, Uganda | NEWS CORRESPONDENT | As the government intensifies implementation of its ATMS agenda – Agriculture, Tourism, Minerals and Science & Technology – with a strong emphasis on commercialising agriculture, Pearl Bank is increasingly emerging as one of the financial institutions helping translate that vision into reality. Agriculture …
Read More »Rwanda unveils 2026/27 budget prioritizing agriculture, economic stability
KIGALI | Xinhua | Rwanda’s Minister of Finance and Economic Planning Yusuf Murangwa has unveiled the national budget for the fiscal year 2026/27 beginning on July 1, with estimated resources projected at nearly 7.8 trillion Rwandan francs (about 5.3 billion U.S. dollars), prioritizing agriculture, jobs, and economic stability. Presenting the …
Read More »Why this budget is different
COMMENT | Morrison Rwakakamba | Uganda stands at a rare inflection point in its development trajectory. With commercial oil production scheduled to commence later this year and a fresh electoral mandate secured, the national budget for the 2026/27 financial year offers more than another round of incremental spending. It attempts …
Read More »Parliament approves Shs1.1 trillion supplementary budget for FY 2025/26
Kampala, Uganda | URN | Parliament has approved over 1.1 trillion Shillings under Supplementary Expenditure for the Financial Year 2025/2026. The supplementary request was presented by the Minister of State for Finance (General Duties), Henry Musasizi, and includes a mix of budget reallocations, additional revenues, and external financing. Of the total amount, 40.21 …
Read More »Parliament approves Shs84 trillion budget amid debt concerns
Kampala, Uganda | URN | Parliament has approved a record 84.391 trillion Shillings national budget for the 2026/27 financial year, setting the tone for Uganda’s fiscal direction in the coming years. The budget, passed during a plenary session chaired by Speaker Anita Among on April 24, 2026, is the first …
Read More »Uganda spends beyond its means to keep growth alive
Finance ministry figures released on April 9 show fourth-quarter disbursements of Shs17.444tn, lifting total releases to Shs77.001tn—106.4% of the approved budget and 95.1% of the revised plan Kampala, Uganda | JULIUS BUSINGE | The government has released more funds than initially approved for the current financial year ending …
Read More »Uganda’s tax crossroads
Inside the 2026/27 revenue push, public pushback, and the battle over fairness NEWS ANALYSIS | RONALD MUSOKE | On April 2, Henry Musasizi, the Minister of State for Finance (General Duties), presented a raft of tax proposals to Parliament to finance a proposed Shs 84 trillion budget for the 2026/27 financial …
Read More »Civil Society warns of fiscal strains in Uganda’s budget
Kampala, Uganda | URN | Julius Mukunda, the Executive Director of the Civil Society Budget Advocacy Group (CSBAG), has warned that skyrocketing debt and “moving” budget targets are threatening the nation’s ambitious growth plans. Mukunda highlighted a startling 75% increase in the budget size over the last five years. However, he …
Read More »
The Independent Uganda: You get the Truth we Pay the Price