Uganda Finalizes Shs84 Trillion Budget for 2026/27 Financial Year

KAMPALA, Uganda – The Ministry of Finance, Planning and Economic Development has put the final touches on the national budget for the Financial Year 2026/27, amounting to Shs84.39 trillion. The new spending plan marks a significant 16% increase from the previous year’s budget.

Permanent Secretary Dr. Ramathan Ggoobi led Tuesday’s session to polish the speech that Finance Minister Henry Musasizi will deliver on Thursday, June 11, 2026, at 2 p.m. in Kampala.

Key Highlights of the Budget

The Shs84.39 trillion plan emphasizes economic transformation with a focus on six core areas:

· Commercial agriculture
· Industrialization
· Services
· Digital tools and transformation
· Market access

These priorities aim to drive Uganda toward a US$500 billion economy through the full monetization of the economy.

Public Reaction: Excitement and Concerns

Public excitement is building around the wealth creation goals, particularly investments in human capital, the Parish Development Model (PDM), Emyooga, and agro-industrialization.

However, discussions on X have also highlighted several concerns, including:

· Heavy debt servicing costs
· The composition of the technical team (noted as all-male in some summaries)
· The need for realistic revenue projections and balanced budgeting

Ministry of Finance Update

In an official post, the Ministry announced: “PSST Dr. @rgggoobi together with his senior technical team today celebrated #HeroesDay in the boardroom, putting final touches on the national budget speech for FY 2026/27. The Budget speech will be presented this Thursday 11th.”

Broader Context and Public Reaction

Analysts and citizens are actively discussing the budget’s implications for taxes, prices, fuel, businesses, and daily costs. Panels and TV shows—including those on Tayari West and discussions hosted by Deloitte Uganda—are scheduled to break down performance from FY 2025/26 and expectations for the new fiscal year.

Several themes have been trending as Ugandans look forward to seeing how the budget will impact ordinary citizens: #KnowYourBudget26, #TenFoldGrowth, and #MonetizedEconomy.

Stay tuned for the official budget speech on June 11th, which will provide detailed allocations, policy measures, and further clarity on Uganda’s economic roadmap.