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UDN WEEKLY NEWSLETTER 475th EDITION 2026

Ministry of Finance, Planning and Economic Development released the Second Budget Call Circular for FY 2026/27 in February 2026, projecting a revised national resource envelope of Shs. 78.249 trillion, an increase of Shs. 8.85 trillion from the Shs. 69.399 trillion communicated in the First Budget Call Circular. This development signals important shifts in Uganda’s fiscal outlook and has significant implications for public financing, debt management, and allocations to key social sectors. In this week’s newsletter, we unpack what this adjustment means for budget priorities and the broader economic landscape.  For more information, please download the document attached