KAMPALA, UGANDA – The Government of Uganda has unveiled a robust and targeted strategy to accelerate the nation’s socio-economic transformation, with a clear focus on Agricultural Value Chains, Digital Technology Enablers, and export-led growth.
Thank you for reading this post, don't forget to subscribe!The announcement was made by the Minister for General Duties, Hon. Henry Musasizi Ariganyira, during a parliamentary session to approve the National Budget Framework Paper (NBFP) for Financial Years 2026/27 to 2030/31.
The Minister stated that the strategic policy direction of the government in the next financial year and the medium term is to deliver tenfold growth by expanding the size of the economy to USD 500 billion by 2040.
“The strategic policy direction of the government in the next financial year and the medium term is to deliver tenfold growth by expanding the size of the economy,” Minister Musasizi affirmed.
The Minister pledged the support of the Ministry of Finance, Planning and Economic Development (MoFPED) to Parliament to ensure that the budget for FY 2026/27 is processed by the end of April 2026, before the inauguration of the 12th Parliament.
He stated that the government will stamp out budget-related corruption, close expenditure leakages in schools, health centres, and the payroll system, and improve cash management and sovereign credit ratings.
Hon. Henry Musasizi Ariganyira said the government will diversify development finance sources, strengthen internal controls and auditing to curb corruption, and finalise public procurement reforms.
Further efforts will focus on better public asset management, increasing domestic revenue, and strengthening governance of state-owned enterprises.
Additional priorities include tackling poor project execution and low absorption of borrowed funds, improving counterpart funding for foreign-backed projects, and boosting Uganda National Bureau of Standards (UNBS) certification capacity for export and domestic standards.
The government aims to improve public service performance, enhance whole-of-government coordination, clear existing domestic arrears, and prevent new ones.
Minister Musasizi projected an optimistic economic growth rate of 6.5% to 7% for the next financial year, buoyed by these strategic interventions.
He also reiterated the importance of improving public service performance and enhancing whole-of-government coordination as critical enablers for success.
The approved budget framework paves the way for detailed allocations, signaling a period of focused implementation toward Uganda’s socio-economic transformation.
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