Uganda plans to cut its overall spending in the 2026\/27 (July-June) financial year by 4.1% and will reduce its domestic debt issuance to trim interest payments, a Ministry of Finance document published on Wednesday showed.<\/p>\n
The East African country projects its public spending in the 12 months starting in July at 69.4 trillion Ugandan shillings ($19.9 billion), down from 72.4 trillion in the previous period.<\/p>\n
During the next financial year the government will prioritise completion of the planned East African Crude Oil Pipeline (EACOP) to enable commencement of crude oil production, the Finance Ministry said.<\/p>\n
Spending will also be funnelled towards completion of mineral quantification for iron ore, gold and copper deposits and development of a refinery and the ongoing standard gauge railway project.<\/p>\n
Planned domestic borrowing via Treasury bills and bonds in the next financial year is projected at 9 trillion shillings, down 21.1% from the previous period.<\/p>\n
The reduction, the paper added, is on account of a “need to maintain debt in sustainable levels, the need to reduce interest payments relative to revenues”.<\/p>\n","protected":false},"excerpt":{"rendered":"
Uganda plans to cut its overall spending in the 2026\/27 (July-June) financial year by 4.1% and will reduce its domestic debt issuance to trim interest payments, a Ministry of Finance document published on Wednesday showed. The East African country projects its public spending in the 12 months starting in July at 69.4 trillion Ugandan shillings […]<\/p>\n","protected":false},"author":1,"featured_media":11689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[29,32],"tags":[132],"class_list":["post-17830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-africa","category-economy","tag-uganda"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/17830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=17830"}],"version-history":[{"count":0,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/17830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/11689"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=17830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=17830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=17830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}