Overview of Uganda’s 2024/2025 National Budget

Total Budget: UGX 72.136 trillion
Previous Budget: UGX 52.736 trillion (2023/2024)
Key Points:

Economic Growth:
Expected to grow between 6.4% and 7% in the next fiscal year.
GDP projected to rise from UGX 180 trillion to UGX 225.500 trillion.

Revenue Sources:
Tax Collection: UGX 31 trillion.
Borrowing and Grants: UGX 41 trillion.

Debt Servicing:
Interest on Debt: UGX 9 trillion.
Foreign Debt Repayment: UGX 3.149 trillion.
Domestic Debt Repayment: UGX 12 trillion.

Government Employee Salaries and Allowances:
Allocation: UGX 7.926 trillion.

Sector Allocations:
Health: UGX 2.946 trillion.
Recruitment of new doctors, procurement of medicines, construction and renovation of hospitals, equipment for specialized institutes.

Education: UGX 2.497 trillion.
Construction of laboratories, upgrading vocational schools, constructing secondary schools, student loans.

Gender Issues: UGX 355 billion.
Water and Environment: UGX 516 billion.
Irrigation schemes, wetland restoration, tree seedlings distribution, solar irrigation systems.
Parish Development Model: Increased by UGX 1.59 trillion.
Total investment since 2022: UGX 2.4 trillion.
Emyooga: Additional UGX 100 billion.
Uganda Development Bank: Additional UGX 55 billion.
Agriculture: UGX 1.878 trillion.
Includes UGX 427 billion for rabies vaccines.

Tourism: UGX 55 billion for promotion abroad.
Innovation, Technology, and Science: Various allocations including UGX 32 billion for Kira Motors, UGX 50 billion for PIBID, UGX 75 billion for the science and technology fund.
Infrastructure (Transportation): UGX 4.989 trillion.
Includes airport completion, road construction, and maintenance.

Revenue Enhancement:
New taxes on fuel, cement, mineral water, alcohol, etc.
Efforts to close tax evasion loopholes.

Budget Deficit:
Shortfall in 2023/2024: UGX 1.9 trillion.
Target for 2024/2025: UGX 31.982 trillion in tax collection.

Investments and Debt:
Despite increased debt, the government assures it can manage repayments due to strategic investments that generate returns.

Overall, Uganda’s 2024/2025 national budget reflects significant investments in infrastructure, health, education, and innovation while managing debt and aiming for robust economic growth.