Ministry of Finance

The Ministry of Finance, Planning and Economic Development derives its mandate and functions from the 1995 Constitution of the Republic of Uganda.

[Ministry of Finance @mofpedU]

EXTERNAL SECTOR

External Reserves stood at USD 6.7bn (3.73 months import cover) as of 6th Oct 2026, up from USD 5.6bn in Jan. Remittances USD 2.9bn (+31.6%). Exports July-Aug FY26/27: USD 2,893.78m (+23.9%), dominated by Gold 56.5% & Coffee 13.9%. Imports USD 3,935.59m (+44.8%). Trade deficit widened to USD 1,041.81m.

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[Ministry of Finance @mofpedU]

STATE OF THE ECONOMY
Uganda's economy maintained a steady growth momentum, with real GDP expanding by 6.4 percent in FY 2025/26, compared to 6.3 percent in FY 2024/25. In nominal terms, the size of the economy increased to Shs 250.45 trillion (USD 69.345 billion) in FY 2025/26, up from Shs 227.87 trillion (USD 61.986 billion) in FY 2024/25.

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[Ministry of Finance @mofpedU]

EXCHANGE RATES

The Ugandan Shilling appreciated by 1.9 percent against the US dollar in FY 2025/26, supported by stronger foreign exchange inflows and sound macroeconomic management.

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[Ministry of Finance @mofpedU]

The key reforms for budget execution include:

i)Strict enforcement of the Budget Discipline and Accountability Charter
ii)Centralised counterpart funding
iii)Contributory pension scheme
iv)Rationalisation of state celebrations
v)Anti-corruption and procurement reforms
vi)State-Owned Enterprises (SOE) governance

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[Ministry of Finance @mofpedU]

PRESS RELEASE ON SECOND QUARTER EXPENDITURE RELEASES FOR FY 2026/27

The Q2 expenditure releases seek to sustain economic activity, protect essential public services and finance strategic investments in the ATMS (Agro-industrialisation, Tourism, Mineral-based development, and Science, technology and innovation, including ICT and the creatives sector) and their enablers, while safeguarding fiscal and debt sustainability.

-Patrick Ocailap, Ag. Permanent Secretary / Secretary To The Treasury

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[Ministry of Finance @mofpedU]

The @GovUganda is strengthening budget execution to ensure that public resources deliver measurable results. The focus is on revenue mobilization, expenditure control, accountability, implementation, prevention of arrears, and improved value for money.

-Patrick Ocailap, Ag. Permanent Secretary / Secretary to the Treasury

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#TenfoldGrowth
#USD500BillionEconomy
#DoingMore

[Ministry of Finance @mofpedU]

HAPPENING TODAY

Shortly Join @mofpedU Quarter Two Press Briefing
https://t.co/pXL60FNwnZ

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#TenfoldGrowth
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[Ministry of Finance @mofpedU]

PIM PLUS – WORLD BANK
IMPLEMENTATION MISSION

The Public Investment Management PLUS (PIM PLUS) Secretariat successfully held a Development Partners Coordination Meeting as part of the World Bank implementation mission that kicked off earlier this week.

The PIM PLUS operation is a $200 million World Bank-funded project, which is a flagship reform under the Public Finance Management (PFM) strategy.

Mission participants included teams from the World Bank, the African Development Bank and the International Monetary Fund and Ministries,Departments and Agencies. Acting Director Budget,Hannington Ashaba officiated at the entry meeting.

The meeting highlighted the critical role of collaborative efforts in improving project execution and bolstering the value of public investment contribution towards the attainment of Uganda's Tenfold Growth Strategy.

The Acting Commissioner, Project Analysis and Public Investments Department, Gertrude Basiima thanked the Development Partners for their progressive development partnership with the Government of Uganda. She reiterated the value of conducting robust project analysis.

On her part the Lead Governance specialist with the World Bank, Ms Verena Fritz said the engagement between Gov't & Development Partners is meant to ensure that project execution processes work well.

“The Projects Analysis and Public Investments Department has a vital role to play in ensuring that the broad objectives of improving and achieving the country’s public investment goals are realised,” she said.

Public Investment Management System (PIMS) is a Government framework for preparing, appraising, selecting and monitoring public investments. It links project ideas to national priorities, tests value for money before resources are committed, and also manages implementation risks and records evidence for future decisions.

Basiima said PIMS is a quality-control framework to ensure projects are viable, affordable and ready.

The National Planning Authority, Executive Director, Dr. Joseph Muvawala urged participants to view the PIM PLUS operation as a good opportunity.

“We are responsible for the failure and success of this project. We should stop accusing processes. It is people who kill projects, not the processes,” he said, as he challenged participants to commit to delivering timely and quality work.