Uganda Increases 2026 Public Spending by 12.7% to Support Energy and Infrastructure Projects
Uganda has raised its projected public spending for the 2026/2027 fiscal year by 12.7% to $21.78 billion, focusing on major infrastructure developments, including the East African Crude Oil Pipeline, mineral assessments, refinery development, and a standard gauge railway.
Theia Market Signal Identification - AI Assisted
The Ugandan government increased the 2026/2027 public spending projection by 12.7% to 78.2 trillion shillings ($21.78 billion). This funding will prioritize the completion of the East African Crude Oil Pipeline, essential for starting crude oil production.
Additional investments will focus on assessing mineral resources in iron ore, gold, and copper, along with ongoing refinery development and the construction of a standard gauge railway. The current exchange rate is $1 to 3,590.68 Ugandan shillings.
Comments