Uganda's Parliament approved a revised national budget of UGX 72.130 trillion for the 2024/25 financial year, with the largest allocation for public debt repayment.
Uganda's Parliament approved a revised national budget of UGX 72.130 trillion for the 2024/25 financial year, increasing from UGX 52 trillion in the previous financial year. The largest allocation, UGX 34.017 trillion, is for public debt repayment. The Ministry of Finance plans to borrow UGX 28.768 trillion from local banks and UGX 10.977 trillion from external markets. The budget aims to accelerate economic growth, transform the economy, and improve the business environment.
May 17, 2024
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