KAMPALA — The Minister of State for General Duties, Henry Musasizi, has presented the Uganda Revenue Authority (URA) Ministerial Policy Statement for FY 2026/27 to the Finance Committee of Parliament, outlining the agency’s strategic priorities and resource allocation.
URA has been allocated a resource envelope of UGX 877.396 billion, aligned with the government’s medium-term fiscal framework. The funding is aimed at sustaining revenue mobilisation, strengthening compliance and administrative efficiency, and supporting strategic investments to leverage emerging opportunities, including those from increased economic activity and the upcoming oil and gas production.
Musasizi highlighted URA’s ongoing interventions to improve revenue collection, including increased use of technology to simplify taxpayer processes, enhance transparency, and improve efficiency.
The presentation was attended by URA officials, as well as the Minister of State for Planning, Amos Lugoloobi, who later presented the National Planning Authority (NPA) Ministerial Policy Statement to the same committee.
In a separate presentation, Musasizi appeared before Parliament with the Under Secretary and Accounting Officer, Dr Sengonzi Damulira, to present the Ministry of Finance, Planning and Economic Development (MoFPED) Ministerial Policy Statement (Vote 008) for FY 2026/27.
He reported that Uganda’s economy expanded by 8.5% in the second quarter of FY 2025/26, up from 5.4% in the same period last year. This growth was attributed to strong aggregate demand and sustained investments in productive sectors, particularly ICT, construction, and machinery, which are considered critical for long-term growth and structural transformation.
Musasizi also noted continued progress in macro-economic stability, with annual headline inflation declining to 2.9% in February 2026 from 3.2% in January, supported by fiscal and monetary coordination and improved food supply. Uganda’s trade position also improved, recording a merchandise trade surplus of USD 147.26 million in January 2026, reversing previous deficits.
On domestic revenue mobilisation, the Minister said net revenue collection for Q2 totalled Shs. 16,476.07 billion, achieving 94.09% of the target and marking an 8.05% growth from the same period in FY 2024/25.
Addressing preparations for first oil, Musasizi reported that the East African Crude Oil Pipeline (EACOP) development is at 80% completion, with engineering studies underway for the Oil Refinery Project. The government expects Shs. 2.2 trillion in oil revenues in FY 2026/27, with Shs. 1.4 trillion programmed to finance the budget.