June 22, 2023

UDN WEEKLY NEWSLETTER 414th EDITION 2023

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UDN WEEKLY NEWSLETTER 414th EDITION 2023

The approval of Uganda's budget for FY 2023/24 worth UGX 52.73 Trillion (approx. $13.9 billion) indicates financing using own resources of up to nearly 30%. This implies that the rest has to be borrowed (debt). UDN we shall run several areas for policy consideration in series, beginning today. In this week’s newsletter we reflect on “Combating smuggling and import tax evasion” as one of the policy measures to boost revenue collection.