The East African country will spend 72.4 trillion Ugandan Shillings ($20 billion) in the 2025/26 (July-June) financial year, little-changed from the spending for the year ending next month which stands at 72.1 trillion Shillings, parliament said in a post on the social media platform X late on Thursday.

"The House has considered and approved the proposed annual budget for financial year 2025/2026," it said.

Parliament did not say which sectors will receive majority of the funds but the government has previously said spending priorities in the next financial year would be in agro-industrialisation, tourism and minerals including petroleum.
Finance Minister, Matia Kasaija is due to present the budget to parliament formally on June 12 and provide more details on where the money will be used.

Uganda is carrying out infrastructure projects to kick-start commercial production of crude oil next year.
That infrastructure includes a $5 billion crude oil pipeline to help the landlocked country ship its oil to international markets via Tanzania.

--Reuters--