The Permanent Secretary and Secretary to the Treasury (PSST), Dr. Ramathan Ggoobi, has described Uganda’s Shs84.39 trillion national budget for the Financial Year 2026/27 as a “good big budget” packed with opportunities for Ugandans to improve livelihoods and drive economic growth.
Speaking during the 5th edition of the ABSA-NTV Post Budget Dialogue on Friday morning, a day after the budget presentation, Dr. Ggoobi said the government’s fiscal plan is designed to stimulate production, productivity, exports, value addition and job creation.
“We presented a good big budget with so many opportunities for Ugandans to harness,” Dr. Ggoobi said.
He noted that domestic revenue collection continues to grow steadily, revealing that government expects to raise about Shs45 trillion in domestic revenues next financial year to finance a discretionary budget estimated at Shs57 trillion.
According to Dr. Ggoobi, 95 percent of discretionary resources have been allocated to the government’s key priorities under the Agriculture, Tourism, Minerals and Science (ATMS) agenda and other strategic enablers aimed at accelerating socio-economic transformation.
He further explained that the government will implement a series of reforms to achieve its ambitious Tenfold Growth Agenda, with emphasis placed on eliminating corruption, waste, inefficiency and delays in public service delivery.
As part of efforts to strengthen accountability, Dr. Ggoobi announced stricter enforcement of budget discipline beginning in the 2026/27 financial year. Accounting Officers will be required to sign a Budget Discipline and Accountability Charter, which introduces sanctions for breaches in planning, budgeting and public expenditure management.
“Government will fully implement reforms to fight corruption through procurement by ensuring transparency and accountability,” he said.
The PSST added that government will continue enforcing trade order while strengthening governance, oversight and performance of state-owned enterprises to improve efficiency and service delivery.
Meanwhile, ABSA Bank Executive Director Michael Segwaya emphasized that the true measure of the budget lies not only in allocations but also in implementation.
“We recognize that a budget is just a direction. It’s about translating policy into practical dialogue and what that actually means to our businesses,” Segwaya said.
The ABSA-NTV Post Budget Dialogue brought together policymakers, private sector leaders and financial experts to discuss the implications of Uganda’s 2026/27 national budget and its expected impact on businesses and citizens.
