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Uganda will slash foreign aid by 84% in 2026/27 to boost domestic revenue and cut debt.
Uganda plans to cut external budget support by 84.2% in the 2026/27 fiscal year, reducing it to 330.9 billion shillings ($92.72 million), as part of a broader strategy to boost domestic revenue and reduce reliance on foreign funding.
The government aims to increase domestic revenues by 9% to 40.1 trillion shillings and cut domestic debt issuance by 21.1% to manage rising public debt.
The move comes amid efforts to improve fiscal sustainability ahead of expected crude oil production in 2026 and amid tighter global financing conditions.
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Uganda recortará la ayuda extranjera en un 84% en 2026/27 para impulsar los ingresos internos y reducir la deuda.