Govt fiscal operations result in sh44.49b deficit
The finance ministry's performance of the economy report for June 2025 says fiscal operations during the month had been programmed to give a surplus (net lending) of shillings 750.16 billion.
Preliminary data shows that tax collections exceeded the sh3,789.03 billion target by shillings 444.01 billion during the month, implying a 111.7% performance rate.
By Umar Kashaka
Journalists @New Vision
KAMPALA - Uganda’s government fiscal operations in June 2025 resulted in a deficit (net borrowing) worth shillings 44.49 billion, the latest data shows.
Fiscal operations are all actions taken to implement budgetary policies, including managing revenue (taxes and other sources), government expenditures, and public debt.
The finance ministry's performance of the economy report for June 2025 says fiscal operations during the month had been programmed to give a surplus (net lending) of shillings 750.16 billion.
However, execution during the month resulted in a deficit of sh44.49 billion due to higher-than-expected expenditure on one hand, and lower-than-anticipated grants and non-tax revenue on the other.
Fiscal operations are actions taken by the government to implement budgetary policies, such as revenue and expenditure measures, as well as the issuance of public debt instruments and public debt management.
Preliminary data shows that tax collections exceeded the sh3,789.03 billion target by shillings 444.01 billion during the month, implying a 111.7% performance rate.
Grants and non-tax revenue, on the other hand, registered shortfalls of shillings 322.57 billion and 487.99 billion, respectively.