Uganda Plans $15 Billion Budget, Targets Growth Without New Taxes.
Uganda set a $15.2 billion budget for 2025-26, focusing on debt control and higher tax collection. Finance Minister Henry Musasizi told Parliament the plan marks phase one of the country's latest development vision.
The budget aims to boost factory growth, tourism, mining, and science projects. It includes funds for defense, power supply, roads, and village development schemes.
"We must balance funding vital projects with keeping our debt in check," said Budget Committee Vice Chair Remegio Achia. He noted Uganda's debt hit $25.1 billion last June, eating up a third of domestic income.
The government wants to raise $8.9 billion in taxes next year, up from $8.5...