Revenue from SACCOs and cooperative societies, development and commercial partnerships, land transactions and government compensation will form the backbone of the Buganda Kingdom's Shs409.1 billion revenue budget for the 2026/27 financial year, as the Kingdom seeks to finance its ambitious development agenda.
Presenting the budget before the Great Lukiiko, Finance Minister Robert Nsibirwa said the Kingdom expects to raise Shs409.1 billion, representing a 34 percent increase from the Shs305.5 billion budgeted for the previous financial year.
He said the new budget is the fourth under the Kingdom's Five-Year Strategic Plan (2023–2028), which seeks to transform the social and economic wellbeing of Buganda's people.
"The 2026/2027 financial year brings us halfway through the implementation of our five-year Strategic Plan. Under the theme, 'Situla Omutindo: Elevating Productivity and Professionalism for Prosperity in Buganda,' we seek to improve service delivery within the Kingdom and among our people by ensuring higher standards of execution and greater professionalism," Nsibirwa said.
The largest share of the projected revenue is expected to come from SACCOs and cooperative societies, which are projected to contribute Shs88.6 billion.
Nsibirwa said the Kingdom will continue strengthening cooperatives as a strategy to promote savings, improve access to affordable credit and increase household incomes.
Development and commercial partnerships are expected to contribute another Shs48 billion, with the minister saying the Kingdom will continue strengthening existing relationships while attracting new investors and development agencies to support its programmes.
Land-based transactions are projected to generate Shs36.6 billion, making them another key revenue source after underperforming in the previous financial year due to political activities and elections.
The Kingdom is also projecting Shs34.5 billion in compensation from the Central Government under the Ebyaffe arrangement, while its education institutions are expected to raise Shs28.1 billion through school fees and related services.
Another Shs20 billion is expected from the establishment of factories, a move the Kingdom says will support industrialisation, create jobs and promote value addition of locally produced goods.
"This revenue framework reflects the Kingdom's strategic focus on expanding productive economic activities, strengthening partnerships and enhancing domestic resource mobilisation to support sustainable development priorities," Nsibirwa said.
To implement its development priorities, the Kingdom has approved a Shs409.1 billion expenditure budget.
The biggest allocation of Shs92.4 billion has been earmarked for investment, followed by Shs87.1 billion for agriculture and cooperatives, sectors the Kingdom considers critical for wealth creation and economic transformation.
Education has been allocated Shs28.2 billion, while Shs26.6 billion will support the Royal Treasury (Nkuluze). The health sector will receive Shs6.1 billion.
Nsibirwa said the spending priorities align with the Kingdom's long-term vision of improving livelihoods through investments in productive sectors capable of generating sustainable economic growth.
"Our focus is on increasing productivity and professionalism across all sectors. By strengthening investments, agriculture, cooperatives and strategic partnerships, we are laying a firm foundation for prosperity and improving the quality of life of our people," he said.
