Government exceeds revenue target by Sh800b
The Ugandan government reported a fiscal surplus in June 2026, exceeding its revenue target by over Sh800 billion. This performance was driven by strong tax collections, particularly in international trade and direct domestic taxes, despite shortfalls in non-tax revenue.
Why it matters
Exceeding revenue targets indicates improved fiscal health and tax administration efficiency, which can influence national development spending and economic stability.
Business: Government exceeds revenue target by Sh800b
Government exceeds revenue target by Sh800b
Domestic revenue collections reached Sh5.72 trillion, of which Sh5.57 trillion came from taxes and Sh156.33b from non-tax revenue.
Taxes on international trade and transactions also outperformed by Sh264.80b, supported by higher collections from petroleum duty, import VAT, import duty and the infrastructure levy.
KAMPALA - Government exceeded its revenue target by more than Sh800 billion in June 2026, according to the Ministry of Finance's latest Performance of the Economy Report.
Preliminary figures contained in the June 2026 report show that government operations recorded a net lending (fiscal surplus) of Sh517.07b, against the planned net borrowing (fiscal deficit) of Sh690.73b. The ministry attributed the stronger-than-expected performance to higher domestic revenue collections and lower spending on development projects. Total revenue collections for June 2026, including grants, amounted to Sh5.81 trillion, surpassing the target of Sh5.01 trillion by Sh800.9b.
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