Uganda has tabled its largest national budget in history, UGX 84.39 trillion for the 2026/27 financial year signalling a bold push for economic transformation. Delivered at Kololo Independence Grounds by Finance Minister Henry Musasizi, the budget outlines ambitious investments in agriculture, industry, and digital innovation, even as debt obligations continue to weigh heavily on the nation’s finances.

Uganda has unveiled its most ambitious national budget with Shs 84.39 trillion having increased by Shs 2.78 Trillion from the previous revised budget. The new budget is aimed towards a strategy designed to accelerate economic transformation, create wealth, and position the country among Africa's fastest-growing economies.

Presented at Kololo Independence Grounds today, the 2026/27 National Budget was read out by the newly appointed Minister Of Finance, Planning and Economic Development Henry Musasizi under the theme," Full Monetisation of Uganda's Economy through Commercial Agriculture, Industrialisation, Expanding and Broadening Services, Digital Transformation, and Market Access" The session  began with the swearing in of some cabinet ministers.

The Minister began by highlighting the achievements made by the ministry over the past financial year 25/26 citing that the economy has sustained long term economic growth remaining stable,strong and positive with the economy projected to grow by 10.2% in FY 2026/27 from 6.4% in FY 2025/26 especially with the commercial oil production commencing later in this financial year.

He further noted that inflation remains low and stable.According to the minister the country's debt stood at Ugshs 126.19 trillion with the external debt amounting to USD 15.84 bILLION and a public debt of USD 19.02 Billion.

Among the key priority sectors included Agro-industrialisation with a budget allocation of UGX 2.2 trillion, Tourism Development with a budget allocation  UGX 571.5 billion ,Mineral & Petroleum Development, Science, Tech & Innovation, Wealth Creation Programs and Security Sector among others sectors.

Despite outlining a positive outlook for the national budget, the President stressed that Uganda can achieve more, citing the country’s untapped potential to build a stronger and more resilient money economy.

The President underscored that government’s ambition goes beyond mere growth, aiming instead at full transformation. He urged the wider population to embrace performance by making effective use of wealth‑creation initiatives, reiterating his “No More Sleep” call to action.

While government projects optimism in boosting production and household incomes, analysts warn that Uganda’s rising debt burden could undermine long-term growth unless fiscal discipline and revenue mobilisation improve.