Minister of State for General Duties Henry Musasizi this afternoon laid before Parliament the Draft Annual Budget Estimates of Revenue and Expenditure for FY 2026/27.
Musasizi said the budget for FY 2026/27 has been prepared under the theme “Full Monetization of the Ugandan Economy through Commercial Agriculture, Industrialization, Expanding and Broadening Services, Digital Transformation and Market Access”.
“Rt. Hon. Speaker, the projected total Draft Annual Budget for FY2026/27 is Eighty-Four Trillion, Two Hundred and Ninety-Four Billion, One Hundred and Sixty-Three Million, Five Hundred and Seventy-Two Thousand, Nine Hundred and Sixty-Six Shillings Only (Shs. 84,294,163,572,966/=),” said the Minister.
The Minister also noted that the Budget for FY 2026/27 has been prepared in line with the Fourth National Development Plan (NDPIV) and the Tenfold Growth Strategy.
”This will be the first budget to implement the next NRM Manifesto for the period 2026/27 – 2030/31. The budget has accordingly prioritised investments in Agro-Industrialization, Tourism Development, Mineral-Based Industrial Development, and Science Technology and Innovation including ICT and Creative Arts Industry (ATMS) and Enablers,” he said.
He said the key expenditure drivers for the FY2026/27 Annual Budget include; increased investments in key NDPIV flagship projects such as; the Standard Gauge Railway, Meter Gauge Railway, Kampala Jinja Express highway, construction and maintenance of critical roads, and electricity for industrial parks, among others.
He noted that the budget has also provided resources to support readiness activities for AFCON27 and enhancement of salaries for; Primary school teachers and Arts teachers in Secondary Schools and Business, Technical, and Vocational Education and Training (BTVET) institutions.
“We have also proposed Tax Policy Measures amounting to One Trillion, Seven Hundred and Forty-One Billion Shilings (Shs. 1.741 trillion) to finance the Budget,” said Musasizi.Musasizi said the Budget Speech for FY2026/27 will be presented on Thursday 11th June, 2026.
