WE PRESENTED A GOOD BIG BUDGET- GGOOBI
Speaking at 5th edition of the ABSA-NTV 2026/27 Post Budget Dialogue this morning, the PSST
@rggoobi described the national budget for FY 2026/27 which was presented yesterday as a good big budget with so many opportunities for Ugandans to harness.
The PSST said revenue is growing, adding that the domestic revenues for next financial year which amounts to 45 trillion shillings will fund the discretionary budget of about 57 trillion shillings.
He emphasized that Government has allocated 95% of the discretionary resources to the ATMS and the key enablers, adding that the key priorities of the budget are production and productivity, value addition, exports and job creation.
Dr Ggoobi also said Government will implement key reforms to achieve the Tenfold Growth Agenda. The reforms are aimed at eliminating waste, corruption, delays and inefficiency.
He highlighted enforcement of budget discipline and accountability effective FY 2026/27 as part of the performance contracts for Accounting Officers.
He said Accounting Officers will sign a budget discipline and accountability charter which provides for sanctions against breaches of accountability rules in planning, budgeting and execution of public resources.
The PSST said Government will also fully implement reforms to fight corruption through procurement by ensuring transparency and accountability.
Dr. Ggoobi said Government will continue to enforce trade order. The other reform he noted is strengthening governance, oversight and performance of state-owned enterprises.
The Executive Director ABSA Bank, Michael Segwaya said the success of the budget is measured by its allocation and implementation.
โWe recognize that budget is just a direction, itโs about translating policy into a practical dialogue and what that actually means to our businesses,โ he said.