Government unveils new strategy to boost domestic revenue
The government has unveiled a new Public Financial Management Reform Strategy, placing domestic resource mobilization at the heart of Uganda’s growth agenda. According to Ramathan Ggoobi, the Permanent Secretary of the Ministry of Finance, Planning and Economic Development, strengthening revenue collection systems, formalizing the informal sector, and leveraging digital tools are critical as external funding declines. With a growing economy but stagnant tax-to-GDP ratios, the call is clear: every shilling counts if Uganda is to hit its ambitious development targets by 2030.
