The government has tabled the National Budget Framework Paper (NBFP) for FY 2025/2026 – FY 2030/2031, highlighting commercial agriculture, industrialisation, oil and gas, tourism, and technological innovation as the main focus.
The NBFP theme: “Full Monetization of Uganda’s Economy through Commercial Agriculture, Industrialization, Expanded Social Services, Digital Transformation, and Market Access,” marks a strategic pivot toward wealth-creating sectors, moving beyond last year’s focus on post-pandemic recovery and inflation control.
The State Minister for Financem Henry Musasizi, who tabled the NBFP said the aim is to ensure that expansion of Uganda’s money economy.
“This Budget Framework Paper sets the foundation for full monetisation of Uganda’s economy, higher household incomes and job creation,” Musasizi said.
He said oil and gas remain key drivers, with flagship projects including Tilenga, Kingfisher, the East African Crude Oil Pipeline (EACOP), and Kabalega International Airport expected to boost exports and revenue.
To navigate fiscal pressures, the government proposes freezing new administrative units, restricting vehicle purchases, clearing arrears, and strengthening ICT-based tax systems, while committing to gender equity, climate resilience, and balanced regional development.
Under NDP IV, the Regional Development Programme now spans all local governments.
Raphael Magyezi, the minister of Local Government, highlighted achievements, including capitalizing 10,594 PDM SACCOs with Shs1.059 trillion, benefiting over one million households. Infrastructure gains include agro-processing facilities, markets, water schemes, and support to vulnerable groups.
The Development Plan Implementation Programme will prioritize evidence-based planning, climate- and gender-sensitive data, and efficient alignment with NGOs and development partners.
Deputy Speaker Thomas Tayebwa referred the NBFP to the committee on the Budget as well as sectoral committees for consideration.
