KAMPALA, June 11, 2026 — Ahead of today’s national Budget speech, theCooperator News brings you the highlights of key developments shaping the more than Shs 84 trillion financial year [FY] 2026/27 budget to be presented by Minister of Finance, Planning and Economic Development [MOFPED] Henry Musasizi to Parliament.
According to the ministry, the 2026/2027 financial year is expected to mark several significant milestones for Uganda’s economy and development agenda.
Among the most notable is the anticipated confirmation in March 2027 of Uganda’s graduation from the category of Least Developed Countries [LDCs], more than six decades after independence in 1962.
Government views the transition as a major economic milestone expected to improve the country’s investment profile, lower sovereign risk and strengthen Uganda’s position as a competitive economy on the African continent.
The financial year is also expected to see Uganda officially join the ranks of oil-producing nations, with First Oil scheduled for delivery in the first half of FY2026/2027. The milestone follows 17 years of planning, investment and implementation involving multiple government agencies and private sector players.
In line with Government’s commitment to inclusive growth, the FY2026/2027 budget prioritises improved delivery of public services through the Parish Development Model [PDM], which sources say has been allocated Shs 2.9 trillion, from the previous over a trillion shillings.
The Shs 84.3 trillion budget is designed to accelerate Uganda’s shift from incremental growth towards productivity-led economic transformation.
Government is also targeting a reduction in the proportion of households dependent on subsistence production to 28.5 percent in FY2026/2027, down from the current 33 percent, through commercialisation of agriculture, expansion of micro, small and medium enterprises [MSMEs], and scaling up implementation of the PDM.
https://thecooperator.news/house-passes-shs-84-3-trillion-2026-27-national-budget/
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