Kampala, Uganda | URN | The Ministry of Finance, Planning and Economic Development has released 23.03 trillion shillings for the budget obligations for the first quarter of this financial year, with a vow to ensure fiscal discipline. This is 27 percent of the approved total budget for the financial year …
Read More »New budget success hinges on delivery, experts warn
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 »
The Independent Uganda: You get the Truth we Pay the Price