Uganda sees 2024/25 spending rising marginally on current fiscal year

Uganda's government plans spending of Ush53.3 trillion ($13.74 billion) in the fiscal year that starts in July, up about 1 percent on the current year's spending, the Finance Ministry said on Tuesday.

In the 2024/25 fiscal year, the government plans to direct a greater share of development expenditure to improve roads, railways and infrastructure in the oil and gas sector, the ministry said in a document laying out spending proposals.

Uganda aims to start commercial oil production in 2025, and oil sector investments have been one-factor supporting economic growth alongside improved agricultural production.