Government has dropped its plan to tax all cash withdrawals after strong resistance from stakeholders, highlighting concerns over economic impact, financial inclusion, and policy contradictions. While the proposal is shelved for now, authorities say the broader push toward a cashless economy and
In a recent podcast of Bad Natives, I argued that there is a real risk of Uganda defaulting on her domestic bonds in two to three years. It makes little sense to judge a country’s debt sustainability using the debt-to-GDP ratio. GDP is not a resource of government which it can use to pay credit
Even as Uganda pushes toward digital transformation, its deep-rooted reliance on cash presents a complex policy challenge, balancing revenue generation, fairness, and financial inclusion. The proposed tax may reshape behavior, but its success will depend on whether citizens trust, access, and ult
KAMPALA: Uganda is planning sweeping changes to its personal income tax system to ease pressure on low-income earners, even as it rolls out new tax measures to recover at least 49 billion Ugandan shillings in additional revenue, according to official proposals for the 2026/27 financial year seen
Government has halted new road construction projects for the 2026/27 financial year and will instead prioritise completing ongoing works and clearing nearly Shs948 billion in outstanding arrears amid severe budget constraints.The government has announced a halt on all new road construction
State Minister for Finance in charge of General Duties, Henry Musasizi, during the presentation for the 2026/27 Ministerial Policy Statement before Parliament’s Committee on Finance.Uganda is set to make history in the 2026/27 financial year with expected oil revenues surpassing Shs2.2 t
KAMPALA – As every second, minute, hour, day, and month winds down, Uganda edges closer to its promise—the dawn of oil production.From drilling and completing wells to laying thousands of kilometres of pipeline, Uganda’s progress is unmistakable. Supporting infrastructure, central pr
KAMPALA – Uganda’s public debt has surged to a record US$34.86 billion (UGX 130.84 trillion) as of December 2025, piling fresh pressure on the government’s fiscal managers and raising concerns about the long-term burden on citizens and businesses.According to the Ministry of Finance,
Kampala, Uganda: Civil society organisations have raised alarm over Uganda’s growing public debt and widening gaps in health sector funding, warning that the latest Auditor General’s report exposes serious weaknesses in the management of public resources.The report examined 182 ministr
KAMPALA, Uganda — Uganda is hurtling toward a systemic social and economic crisis as a rapidly aging population outpaces a retirement savings framework that currently excludes 16 million workers.While the national pension sector appears robust on paper—with assets surging 21 percent to
