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UDN WEEKLY NEWSLETTER 455th EDITION 2025

The 2025/2026 budget, totaling UGX 72,376.30 Trillion, maintains spending levels similar to the previous financial year. Government priorities include agro-industrialization, tourism, and mineral development particularly petroleum as key drivers of growth. While investments in infrastructure and social services remain prominent, a significant share of the budget has been allocated towards debt servicing.  In this week’s newsletter, we provide a comprehensive analysis of Uganda’s FY2025/26 national budget, with a specific focus on debt financing, which now accounts for a quarter of national expenditure. For more information please download the document attached or click here.