During the Budget reading for the financial year 2025/2026 at Kololo ceremonial grounds, the President of Uganda underscored the country’s economic progress and laid out a clear vision for sustained growth.
The President highlighted key areas of stability, including the currency, inflation rates, export earnings, job creation, and foreign direct investment inflows.
He stressed that true prosperity stems from productive activity rather than dependence on aid or charity.
“Prosperity cannot come from begging, but rather from producing goods and being wealth creators,” he said, emphasizing the need for Ugandans to focus on generating value through local production and innovation.
The President also spoke about the significance of economic and political federation for the region, noting that integration will help address critical issues of prosperity and strategic security.
“Our internal market is not enough,” he explained, pointing out surpluses in commodities such as sugar, milk, and cement that exceed domestic demand.
To overcome this limitation, he urged a stronger commitment to Pan-Africanism, which would open up larger markets for Ugandan products and accelerate economic growth.
“We need to support Pan-Africanism to access bigger markets and promote economic growth,” he added.
This address signals the government’s firm commitment to promoting wealth creation, regional integration, and economic development as pillars for Uganda’s future.
By sharing these achievements and plans, the President aims to inspire confidence and optimism among Ugandans about the country’s growth trajectory.