Gov’t unveils budget framework paper for FY 2025/26
A total of UGX 7.934 trillion will be allocated to staff salaries, while UGX 12.1 trillion is earmarked for non-wage expenditures.
Government has unveiled a bold budget plan for the 2025/26 financial year, centered on fully monetizing the economy through initiatives like commercial agriculture, industrialization, expanded services, digital transformation, and enhanced market access.
The budget, themed “Full Monetization of Uganda’s Economy,” aims to drive economic growth to over 8% annually in the medium term. With a long-term vision of boosting the economy tenfold—from US$53 billion to US$500 billion by 2040 the plan outlines significant investments across various sectors.
A total of UGX 7.934 trillion will be allocated to staff salaries, while UGX 12.1 trillion is earmarked for non-wage expenditures. Additionally, UGX 4.211 trillion will be invested in development projects vital to improving the lives of Ugandans.
Key sectors to benefit from the budget include Human Capital Development, with education and health receiving the largest share of UGX 9.394 trillion. Governance and Security will be allocated UGX 7.634 trillion, while Integrated Transport Infrastructure will receive UGX 6.354 trillion.
The economy is expected to grow by 6.4% by the end of FY 2024/25, with growth projected to reach at least 7% in FY 2025/26. The government anticipates even higher growth as commercial oil and gas production begins, potentially pushing the economy to double-digit growth.
