Uganda: Does Uganda's 2024/2025 Budget Hit the Mark?

The recently approved national budget of Shs72.136 trillion for the 2024/2025 financial year has sparked intense debate among Ugandans.

While some hail it as a significant step towards economic growth and development, others question whether it truly addresses the country's pressing needs.

This is part of the breakdown of the Budget:

Human capital development: Shs9.9 trillion (26.3% of the budget), Governance and security: Shs9.1 trillion (24.2% of the budget), Integrated transport infrastructure: Shs5.1 trillion, Private sector development: Shs2.0 trillion and Sustainable energy development: Shs1.0533 trillion.

And some of the concerns in this budget include;

Rising public debt: Shs34 trillion allocated for debt repayment

Limited allocation for mindset change: Only Shs1 billion out of the required Shs7 billion.

Increased taxation: Five tax bills passed to support the budget

Some of the experts say "The budget prioritizes human capital development, which is crucial for economic growth." - Dr. Maggie Kigozi, Economist.

"The allocation for mindset change is inadequate, hindering the country's progress." - Dr. Kabumba Busingye, Social Economist

As the budget implementation begins, Ugandans eagerly await the outcomes. Will this budget propel the country towards economic prosperity, or are there still significant concerns to be addressed? Only time will tell.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.