The government of Uganda has released the national budget for the Financial Year 2024/25, and it’s all about growth, efficiency, and better service delivery. The budget is closely aligned with the country’s #TenfoldGrowth Strategy, focusing on improving services at the lowest possible cost.
One of the biggest highlights is a strict focus on timely payments. Salaries, pensions, and gratuities must be paid by the 28th of every month. This means workers, especially in public service, can now expect consistent and reliable payments. The government has also instructed that service providers be paid on time to avoid delays in public projects.
No recruitment will be allowed without proper wage clearance, which is aimed at preventing unnecessary spending.To protect the local economy, all contracts and payments must be made in Uganda Shillings (UGX) a strong step toward reducing dependence on foreign currency.
Finance committees have also been directed to set clear priorities every quarter to ensure that money is spent on the most important needs.Massive funds have already been released to key ministries. Over Shs 1.076 trillion has been given to the Ministry of Works for ongoing projects like roads and bridges.
The Ministry of Energy has received Shs 420.76 billion for rural electrification and the Karuma Dam project. Meanwhile, Kampala Capital City Authority (KCCA) has been given Shs 148.32 billion for road and drainage improvements across the city.On the economy side, Uganda is doing well. Annual inflation was at 3.9% in June 2025, just a slight increase from 3.8% in May.
This is still within the government’s safe target of 5%, which means that prices of goods and services remain stable.There’s more good news the Uganda Shilling grew stronger, gaining 1.3% against the US Dollar in June. This is thanks to increased exports, more money from Ugandans abroad, and good economic management.
The Uganda Shilling continues to be one of the strongest and most stable currencies in Africa.In summary, the 2024/25 budget is not just about spending it’s about smart planning, financial discipline, and building a strong, self-reliant economy. With clear priorities and responsible management, Uganda is on the right path to achieve its development goals.
