The Ministry of Finance, Planning, and Economic Development has briefed up-country journalists on the state of Uganda's economy and budget priorities to promote transparency and accessibility.

The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, led the session, assuring journalists that Uganda's economy has bounced back from global, regional, and domestic shocks and is now on a steady growth path.

According to Ggoobi, Uganda's economy has shown significant growth over the past two financial years, with the economy's size increasing to Shs.202.7 trillion (US$53.6 billion) in FY 2023/24 from Shs183 trillion (US$48.8 billion) in FY 2022/23.

This translates to a 6.1% GDP growth, up from 5.3% in the previous financial year.

Ggoobi attributed this strong recovery to increased investments and exports, which have driven growth in the agriculture, industry, and services sectors.

"Government's intentional investment in key wealth-creation initiatives, such as the Parish Development Model, Emyooga, Youth Livelihood Program, Small Business Recovery Fund, and Agricultural Credit Facility, has been pivotal," Ggoobi said.

"Over the last decade, the government has invested over Shs8.03 trillion in these initiatives," he added.

By sharing this information with up-country journalists, the ministry aims to ensure that all Ugandans have access to information about the country's economic progress and budget priorities.

This effort is expected to promote transparency, accountability, and inclusive economic growth.