The government is set to prioritise investments in agriculture, tourism, mining, and science, technology, and innovation in the upcoming financial year.
According to the Permanent Secretary/Secretary to the Treasury, Ramathan Ggoobi, these sectors will receive increased funding to enhance research, infrastructure, and value addition, fostering economic growth.
Agriculture, which employs over 68% of Uganda’s population, remains a top priority. The government aims to boost funding for research into disease and drought-resistant crop varieties, alongside improvements in animal breeding and seed sector development.
These efforts are designed to strengthen agricultural value chains, increase productivity, and ensure food security.
By promoting climate-resilient crops and livestock, the government seeks to support agro-industries and enhance economic sustainability.
Tourism will also see substantial investment, with a focus on branding Uganda as a premier destination.
Planned initiatives include upgrading roadside infrastructure, developing high-standard refreshment areas in collaboration with the private sector, and improving sanitation facilities at major tourist sites.
These efforts aim to increase tourist arrivals, extend visitor stays, and boost revenue within the sector, ultimately creating more employment opportunities.
The mining sector is another key area of focus, with the government prioritizing the quantification of mineral resources.
Following proper assessments, Uganda plans to partner with strategic investors to add value to its minerals, shifting from raw material exports to domestic processing and refining. This move is expected to stimulate local manufacturing industries and drive economic growth.
Additionally, the government is reinforcing its commitment to science, technology, and innovation, particularly in digital transformation.
Recognizing the role of technology in economic development and service delivery, Uganda is set to invest in research and development initiatives that will modernisze various sectors and promote innovation.
These targeted investments underscore the government’s strategy to diversify the economy, create jobs, and improve livelihoods.
By prioritising agriculture, tourism, mining, and technological advancement, the FY 2025/26 budget aims to unlock the full potential of these sectors, ensuring sustainable growth and economic resilience.
