Gov’t releases UGX 19.79 Tn to spend in this financial year’s last quarter.

Uganda’s economy, according to the Finance, Planning and Economic Development Ministry, is showing positive signs across multiple sectors, driven by various factors towards growth with the latest trends from GDP, inflation, domestic revenue collection, foreign direct, foreign direct investments, Production, exchange rates to the external sector.

As part of the budget transparency initiatives aimed at keeping the public informed about the funds released for service delivery and other policy issues affecting the utilization of these funds, the Permanent Secretary and Secretary to the Treasury Mr. Ramathan Ggoobi has revealed the factors being the growing economy while releasing the next and final 4^th quarter of the FY 2024/25.

While briefing the press on Tuesday 8^th April 2025 at the Ministry headquarters, the PSST heightened that the expenditure of the next period from April to June 2025 has been reached after assessing the work plans for different government sectors with the projected resource flows, which he said will amount to a total of UGX 19.79 to cater for different obligations.

“The Q4 Expenditure Limits for FY 2024/25 were derived from the quarterly Work Plans and Procurement Plans of Ministries, Departments, Agencies, and Local Governments, taking into consideration the projected resource inflows. For this Quarter (April — June 2025), Shs 19.79 trillion has been released, representing 25.64% of the revised budget,” he said

The expenditure release of Q4 at the Finance Ministry

He said that from the released amount, a sum of Shs 8.903 trillion is meant for wage, non-wage recurrent, and development projects, Shs 2.677 trillion for external financing, Shs 8.126 trillion to cater for debt and treasury operations, while Shs 83.85 billion for local revenue.

Mr. Ggoobi said that Uganda’s “GDP grew by 6.7% in Q1 & 5.3% in Q2 of FY 2024/25 compared to growth rates of 5.6% & 5.8% respectively over the same period in FY 2023/24” attributing the growth mainly to increased manufacturing activity, food production, as well as wholesale trade and transport activities.

He said that in 2024, the Uganda shilling gained 6.1%, making it Africa's best-performing currency, while Uganda's total exports in Q2 FY 2024/25 amounted to USD 2.17 billion, reflecting 12.1% growth compared to USD 1.93 billion in Q2 FY 2023/24 and Remittances in Q2 FY 2024/25 amounted to USD 355.60 million up from USD 351.69 million in same quarter the previous year.

On domestic revenue mobilization, the PSST said “By the end of March 2025, Government had collected domestic revenues amounting to Shs 22.379 trillion against a target of Shs 22.516 trillion, implying a cumulative shortfall of Shs 136.64 billion. During the final quarter of the financial year, Uganda Revenue Authority (URA) and other revenue collecting institutions are expected to collect a total of Shs 9.37 trillion.”