ANNUAL BUDGET PERFORMANCE REPORT & THE MACROECONOMIC AND FISCAL PERFORMANCE REPORT FOR FY2025/26
Finance Minister @henrymusasizi1 today presented the Annual Budget Performance Report and the Macroeconomic and Fiscal Performance Report for FY2025/26 to Parliament's Committee on Budget, chaired by Amos Kankunda (Rwampara County).
The Minister said Uganda's economy grew by 6.4% in FY2025/26, up from 6.3% in the previous financial year, with the size of the economy increasing to Shs 250.4 trillion ($69.3 billion), from Shs 227.9 trillion ($62 billion).
“Government continued implementing strategic interventions aimed at increasing household incomes, promoting enterprise development and accelerating economic transformation. These included the Parish Development Model (PDM), Emyooga, affordable development financing through the Uganda Development Bank (UDB), investment in strategic infrastructure and progress in the oil and gas sector,” said the Minister.
Musasizi said Government collected Shs 37.99 trillion in revenue and grants during FY2025/26, including Shs 34.05 trillion in tax revenue, representing growth of 14% and performance in line with the annual target.
The report indicates that disbursement of PDM funds had reached 92% during FY2025/26, providing a foundation for increasing household participation in the money economy. Government's priority is to translate this financing into sustained production, higher incomes, improved market access and value addition.
The Minister reported an increase in loan repayments under the Parish Development Model (PDM), with cumulative recoveries through the Wendi platform reaching Shs 5.466 billion as at November 3, 2026.
The report also shows notable improvement in the performance of the ATMS outcome indicator targets at the end of FY 2025/26, driven by targeted public investments including farmer financing schemes i.e. PDM, Agricultural Credit Facility etc.
FY2025/26 marked the first year of implementing the Fourth National Development Plan (NDP IV) and the Tenfold Growth Strategy, which seeks to expand Uganda's economy to $500 billion by 2040.
MUSASIZI, JAPAN AMBASSADOR REAFFIRM STRATEGIC PARTNERSHIP, PLEDGE TO ACCELERATE KEY DEVELOPMENT PROJECTS
The Minister of Finance, Planning and Economic Development, Hon. @henrymusasizi1, has reaffirmed Uganda’s commitment to strengthening its longstanding strategic partnership with Japan, anchored in infrastructure development, investment and economic transformation.
The Minister made the remarks during a courtesy meeting with Japan’s Ambassador to Uganda, H.E. Sasayama Takuya, where both sides discussed progress on ongoing development projects and explored opportunities to deepen bilateral cooperation.
Musasizi commended Japan’s longstanding support through Official Development Assistance (ODA), particularly in transport, energy and infrastructure.
He welcomed the proposed Uganda–Japan cooperation framework as an important platform for aligning future engagements with Uganda’s national development priorities.
He also committed Government to expediting the requisite Cabinet, parliamentary and administrative processes to advance key projects, including Kampala Flyover Lot 2 and additional financing for the Kampala Metropolitan Power Transmission System.
Ambassador Sasayama reaffirmed Japan’s commitment to Uganda, highlighting progress on the Karuma Bridge, Kampala Flyover Lot 2 and power transmission infrastructure.
He also expressed Japan’s interest in expanding private-sector investment in Uganda, leveraging the country’s strategic position as a gateway to the wider East African market.
Both sides underscored the importance of accelerating project implementation, strengthening regional connectivity and mobilizing private investment to translate bilateral commitments into tangible development outcomes.
The meeting reaffirmed a shared resolve to elevate Uganda–Japan relations into an increasingly dynamic partnership that delivers infrastructure, investment, economic growth and shared prosperity.
#Investment
#Trade
#Partnership
H.E. President @KagutaMuseveni has announced the Appointment, Retention, Redeployment and Retirement of Permanent Secretaries and other Senior Public Officers, in accordance with Article 174(2) of the Constitution of the Republic of Uganda.
Today, I witnessed the signing of the Host Country Agreement between Uganda and the African Union for the establishment of the African Union Humanitarian Agency. I thank the African Member States for the confidence they have placed in Uganda.
The humanitarian challenges facing Africa require a coordinated continental response. We must work together to ensure that our people have access to the basic necessities of life, including food, shelter, clothing and medicine. This is a responsibility for all African countries, and every Member State must play its part.
This morning, I met a delegation from the National Private Educational Institutions Association–Uganda (NPEIA) at the Speaker's Chambers at Parliament, led by Hon. @MichealMawanda1 and the association’s executive. They raised pertinent issues about the status of private schools in the country.
During the meeting, we observed that private schools may be privately owned, but they offer a public service that complements government.
They run all our nursery schools, 73% of primary schools and 75% of secondary schools, and employ over 187,000 teachers. I cannot imagine Uganda’s education without them.
I was impressed that the proprietors were not asking for handouts. They are asking for a fair and predictable tax regime.
I support their call for a harmonised, single-tax system that ends the overlap between central and local government levies, and Parliament will carefully examine their proposals, including affordable credit through @UDB_Official. I also asked NPEIA to partner with the government in understanding why so many children drop out of primary school.
I look forward to joining them at their Regional Education Conference on 10th December to get to know them better and appreciate their contribution to our education sector. Together, we will build a stronger education system for every Ugandan child.
The Regional Stakeholders’ Workshop on the Development of a Comprehensive Government Land Inventory is underway in Fort Portal, bringing together stakeholders to advance efforts towards effective identification, verification, documentation and management of Government land.
The engagement is held under the theme: “Towards a Comprehensive Government Land Inventory for Sustainable Land Governance and National Development.”
📍 Nyaika Hotel, Fort Portal | 5 November 2026
@ministry_lands
#LandInventoryUG
PRESS RELEASE | Uganda Government Treasury Bills – Auction Results
The Bank of Uganda has released the official results of Treasury Bills Auction No. 1237, held on Wednesday, 4 November 2026, covering the 91-day, 182-day, and 364-day tenors.
The report provides details of bids received, amounts accepted, and auction yields.
View the full results here : https://t.co/P0ROYUoDfT
The next Treasury bills auction will be held on November 18, 2026
WHAT FINANCE MINISTER SAID AT THE 3RD DOING BUSINESS FORUM
The Finance Minister, @henrymusasizi1 has outlined Government's priorities for strengthening Uganda's construction value chain, focusing on simplifying building approvals, stronger local contractors, affordable long-term financing and improved accountability in public investment.
Speaking at the 3rd Doing Business Forum at Mestil Hotel, Kampala, under the theme “Unlocking Uganda's Tenfold Growth through the Construction Value Chain: Regulatory Reform, Local Capacity and Infrastructure Investment,” Musasizi said
Government will work with local governments to improve physical planning, simplify building approvals and uphold construction standards.
He said Developers should know the requirements, costs and timelines for obtaining approvals to make it easier to build safely and predictably.
The Minister said Government and the private sector will support Ugandan contractors to develop the skills, equipment and management capacity needed to deliver quality work.
Musasizi also called for support towards innovations that make locally produced building materials more competitive to reduce construction costs. The objective is to enable more Ugandan firms and workers participate competitively in the construction value chain and retain more value in the domestic economy.
With Uganda's housing deficit estimated at 2.4 million units, Musasizi said the demand will require private investment and financing that households and developers can afford.
@henrymusasizi1 said @mofpedU will support the phased capitalisation of the National Housing and Construction Company, alongside private sector innovations aimed at lowering the cost of building.
He also said Government will continue investing in roads, electricity, water and other essential services, including in Greater Kampala, to support construction and create an enabling environment for private investment.
Musasizi said Government will also advance digitisation and procurement reforms to strengthen accountability, curb corruption and protect value for money in public investments.
He challenged the Forum to identify practical changes that will reduce the cost and time of building, help Ugandan firms win and deliver contracts, and attract long-term investment. He called for each proposal to specify the responsible institution and what it can deliver within a clear timeframe.
The recommendations from this Forum are expected to inform the next Budget, the medium term and Government's reform priorities.
#10FoldGrowth
On the sidelines of the Cultural Leaders Conference, I received the Vice President of Tanzania, His Excellency, Deogratius John Ndejembi, who delivered a special message from Her Excellency, President Samia Suluhu Hassan.
We discussed the economic integration of our two countries and infrastructure development, particularly the oil pipeline. As I have always emphasised, our prosperity depends on working together, expanding trade and developing infrastructure that connects our economies.