Uganda Economic Outlook 2024

Overview

This outlook provides valuable insights into Uganda’s economic performance up to June 2024.

The outlook covers a range of topics including the national budget for the current financial year 2024/2025, the economic growth trajectory, the impact of infrastructure development on public debt, a summary of the tax amendments, and strategies for enhancing revenue collection and strategic spending.

Uganda’s economy has demonstrated significant growth in FY 23/24, positioning it as one of Africa’s fastest-growing economies in the next five years. This growth suggests the existence of business opportunities arising from a favourable economic climate.

However, it’s important to note that the expansion of infrastructure has led to a significant increase in Uganda’s public debt. 

We hope you find it insightful.