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2026/27 budget: Big wealth to tap from
All Ugandans who are determined to go into production in the new financial year must do so with full confidence of market availability both locally and abroad. For the external market, the budget statement shows that Uganda’s export performance has been exceptional over the last five years.
Hadijah Uzeiye Namyalo. (File)
By: Admin ., Journalist @New Vision
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OPINION
By Hadijah Uzeiye Namyalo
On June 11, Finance Minister Henry Musasizi presented the 2026/2027 national budget under the theme, Full Monetisation of Uganda’s Economy through Commercial Agriculture, Industrialisation, Expanding and Broadening Services, Digital Services, Digital Transformation and Market Access.
The minister said the economy remains stable and resilient and is growing rapidly because of the deliberate and consistent policy choices under the leadership of President Yoweri Museveni and the National Resistance Movement (NRM). To justify that, Musasizi said Uganda’s economy is projected to increase to approximately sh250.4 trillion by the end of this month, far above that of when the NRM came into power in 1986.
Increased investment in key sectors
In its steadfastness to grow the economy more, the NRM Government has intensified investments in crucial sectors which are collectively known as ATMS (agro-industrialisation, tourism development, mineral-based industrial development, and science, technology and innovation).
Growing our economy calls for the full support and participation of Ugandans. The framers of the new budget reflect that appeal in its mission statement which states: “Produce more, earn more, export more and lift every household out of subsistence.” household out of subsistence.”
Wealth-creation programmes wealth-creation programmes
To enable Ugandans to get out of poverty, the new budget highlights that the NRM Government has allocated additional funds towards wealth-creation interventions to the tune of sh2.49 trillion. That is tremendous considering that the Government has in the past invested close to sh11 trillion directly into wealth-creation initiatives targeting households in the subsistence economy, farmers, youth, women and businesses.
For any Ugandans focused on getting out of poverty, this is good news. The Parish Development Model (PDM), an intervention for eliminating subsistence and expanding participation in the money economy, is one of the wealth-creation initiatives allocated additional funds in the 2026/2027 budget.
No one should miss this golden opportunity of becoming one of the new beneficiaries of this intervention. The success of this initiative is already reflected in the past five years, whereby the NRM Government has transferred sh4.4 trillion to all 10,589 parishes nationwide as revolving capital. In the new financial year, PDM is going to be bigger and better since it will be focused on boosting productivity, strengthening value addition and improving market access for the PDM beneficiaries.
Growing our economy calls for the full support and participation of Ugandans. The framers of the new budget reflect that appeal in its mission statement which states: “Produce more, earn more, export more and lift every household out of subsistence.” household out of subsistence.”
Wealth-creation programmes wealth-creation programmes
To enable Ugandans to get out of poverty, the new budget highlights that the NRM Government has allocated additional funds towards wealth-creation interventions to the tune of sh2.49 trillion. That is tremendous considering that the Government has in the past invested close to sh11 trillion directly into wealth-creation initiatives targeting households in the subsistence economy, farmers, youth, women and businesses.
For any Ugandans focused on getting out of poverty, this is good news. The Parish Development Model (PDM), an intervention for eliminating subsistence and expanding participation in the money economy, is one of the wealth-creation initiatives allocated additional funds in the 2026/2027 budget.
No one should miss this golden opportunity of becoming one of the new beneficiaries of this intervention. The success of this initiative is already reflected in the past five years, whereby the NRM Government has transferred sh4.4 trillion to all 10,589 parishes nationwide as revolving capital. In the new financial year, PDM is going to be bigger and better since it will be focused on boosting productivity, strengthening value addition and improving market access for the PDM beneficiaries.
Opportunities for youth opportunities for youth
The other wealth-creation initiatives which our youth should focus on include the Youth Livelihood Programme and the Uganda Youth Venture Capital Fund. Under the Youth Livelihood Fund, 24,859 projects have been financed over the years, benefiting 275,034 youth at a cost of sh195.4b, while 57,849 youth have benefited from the Uganda Youth Venture Capital Fund. I, therefore, appeal to the youth to form groups and obtain funding in the new financial year.
All Ugandans who are determined to go into production in the new financial year must do so with full confidence of market availability both locally and abroad. For the external market, the budget statement shows that Uganda’s export performance has been exceptional over the last five years.
The export of goods and services has increased by approximately 204%. It further shows that Uganda’s exports mainly go to the Middle East, Africa, Asia and the European Union. Such huge demand for our goods and services abroad explains why Uganda recorded a balance of payments surplus of $2.47b in the past 12 months to March this year, the highest in 15 months.
Fellow Ugandans, let’s engage in production, so that we earn wealth and, therefore, bring an end to household poverty.
The political and economic environments are favourable for us to work and earn. Let us be reminded that the 2026/2027 budget is dedicated to wealth creators.
The writer is a senior presidential adviser on political affairs at the Office of the National Chairperson/National Co-ordinator Bazzukulu
The other wealth-creation initiatives which our youth should focus on include the Youth Livelihood Programme and the Uganda Youth Venture Capital Fund. Under the Youth Livelihood Fund, 24,859 projects have been financed over the years, benefiting 275,034 youth at a cost of sh195.4b, while 57,849 youth have benefited from the Uganda Youth Venture Capital Fund. I, therefore, appeal to the youth to form groups and obtain funding in the new financial year.
All Ugandans who are determined to go into production in the new financial year must do so with full confidence of market availability both locally and abroad. For the external market, the budget statement shows that Uganda’s export performance has been exceptional over the last five years.
The export of goods and services has increased by approximately 204%. It further shows that Uganda’s exports mainly go to the Middle East, Africa, Asia and the European Union. Such huge demand for our goods and services abroad explains why Uganda recorded a balance of payments surplus of $2.47b in the past 12 months to March this year, the highest in 15 months.
Fellow Ugandans, let’s engage in production, so that we earn wealth and, therefore, bring an end to household poverty.
The political and economic environments are favourable for us to work and earn. Let us be reminded that the 2026/2027 budget is dedicated to wealth creators.
The writer is a senior presidential adviser on political affairs at the Office of the National Chairperson/National Co-ordinator Bazzukulu