Written by: Ayman Ragab
Uganda is forecasting double-digit growth of 10.2% for the 2026/27 fiscal year, driven mainly by the anticipated start of oil production, according to government projections.
The Minister of Finance, Planning and Economic Development, Henry Musasizi, presented these projections during the reading of the national budget before Parliament.
The minister indicated that the start of oil production, expected later this year, should be the main driver of this economic momentum.
Ugandan economy
According to him, this performance would boost job creation, increase household income, expand economic opportunities, and enhance public investment capacity.
Mr. Musasezi also explained that the projected growth for the 2025/26 fiscal year is estimated at 6.4%, while the size of the Ugandan economy is expected to reach approximately $69.3 billion.
