The government has directed Uganda Revenue Authority (URA) to collect over shs40 trillion to finance the shs69.399 trillion 2026/27 national budget.
The rest of the funds, according to the government, will be raised through borrowing.
Minister of State for Finance, Henry Musasizi tabled the budget details contained in the National Budget Framework Paper for FY2026/27 before Parliament during the plenary sitting on December 16.
On that day Musasizi provided a breakdown on how the government will finance its ambitious national plan.
In the financial year 2026/27, he said domestic revenues are projected to amount to shs40.090 trillion, from an estimate of shs37.227 trillion in 2025/26.
“This translates into nominal growth in revenues of UGX2.863 trillion. This rise is attributed to gains on account of higher economic growth, a widening tax base, improved administrative tax revenue collection measures, as well as reforms in non-tax revenue collection,” Minister Musasizi said.
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