Uganda to cut public spending, domestic borrowing

Ugandan traders with their goods for sale at Mpondwe border market, which connects Uganda and the Democratic Republic of Congo.

Photo credit: Reuters

Uganda plans to cut its overall spending in the 2026/27 (July-June) financial year by 4.1 percent and will reduce its domestic debt issuance to trim interest payments, a Ministry of Finance document published on Wednesday showed.

The East African country projects its public spending in the 12 months starting in July at Ush69.4 trillion ($19.9 billion), down from 72.4 trillion in the previous period.