Government releases Q3 Funds, assures strong economic performance

9 January 2026, 1:25 pm

By Ronald Ssemagonja

The Ministry of Finance, Planning and Economic Development, through the Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, has released the Quarter Three financial releases for the Financial Year 2025/2026. The announcement was made today at the ministry headquarters in Kampala and marks the first such presentation this year.

Speaking during the release, Ggoobi emphasized that government must continue to live within its means and maintain law and order. He noted that election-related expenditures have been fully provided for to ensure that all Ugandans are able to freely exercise their right to vote.

“We must live within our means and maintain law and order. We have fully provided for election-related expenditures so that all Ugandans can exercise their democratic right to vote,” he said.

Ggoobi said Uganda’s economy remains strong, with Gross Domestic Product growth standing at 6.3 percent in the previous financial year and projected to rise to between 6.5 and 7 percent. He added that inflation has remained stable at 3.1 percent, and described the Uganda shilling as one of the most stable currencies globally.

He further reiterated government’s commitment to fiscal discipline, stressing that the country will not spend money it does not have. He also directed that all public servants must be paid by the 28th day of every month, urging accounting officers to take note.

According to the ministry, remittances from Ugandans abroad amounted to 1.6 trillion dollars, significantly supporting the economy. The national budget for FY 2025/26 stands at UGX 72.36 trillion, with supplementary budgets approved by Parliament totaling UGX 8.10 trillion, bringing the overall budget to UGX 80.4 trillion.

Ggoobi revealed that the ministry has released a total of UGX 16.537 trillion for the quarter ending March 2026. This includes UGX 91.5 billion to Parliament, UGX 28.2 billion to the Judiciary, UGX 42 billion to the Uganda Police Force, and UGX 45 billion to the Office of the President.

In addition, Kampala Capital City Authority has received UGX 99.3 billion for development, while the Ministry for Kampala has been allocated UGX 294.5 billion to improve the road network, largely funded by the World Bank. Mulago National Referral Hospital has received UGX 39 billion to support referral hospital services. The Uganda Bureau of Standards has been allocated UGX 12 billion, while the National Lotteries and Gaming Regulatory Board has received UGX 3.3 billion.

Meanwhile, civil society organizations commended the ministry for its management of the economy but raised concerns regarding Uganda Airlines and the continued use of supplementary budgets.

In response, Ggoobi explained that supplementary budgets arise due to unforeseen developments during the financial year, noting that the budgeting process begins in September while other needs emerge along the way. He said the supplementary allocation to the Electoral Commission was necessitated by the procurement of biometric voter verification kits.

On Uganda Airlines, Ggoobi said government is investing in the acquisition of new aircraft to meet growing demand, while also addressing management challenges. He further assured the public that Uganda’s debt remains manageable and under control.