BACKGROUND TO THE BUDGET FISCAL YEAR 2025/26

The close of FY2024/25 concludes the implementation period for the Third National Development Plan (NDPIII). It also marks the mid-point for the implementation period of Vision 2040. Over the first half of Vision 2040 (2010 to 2025), the share of households in the subsistence economy more than halved, reducing from 69 percent in 2014 to 33 percent in 2024. This rate of reduction validates Vision 2040 – “A Transformed Ugandan Society from a Peasant to a Modern and Prosperous Country within 30 years”.