Uganda raises 2026/27 spending projection by 12.7% to $21.78 billion

Thomas Mukoya

KAMPALA, Feb 20 (Reuters) – Uganda raised its projected public spending for the 2026/2027 financial year by 12.7% to 78.2 trillion shillings ($21.78 billion), up from an earlier estimate of 69.4 trillion shillings, the finance ministry announced on Friday.

In a post on the X platform, previously known as Twitter, the ministry did not specify reasons for the increase.

The government has previously stated that spending in the next fiscal year will prioritize the completion of the East African Crude Oil Pipeline (EACOP), facilitating the commencement of crude oil production.

Other priorities include mineral quantification for iron ore, gold, and copper deposits, the development of a refinery, and the ongoing construction of a standard gauge railway, the ministry said.