Africa-Press – Uganda. Economy
Uganda’s GDP per capita increased to USD 1,046 (Shs3.7 million) per person per year, according to Finance Minister Matia Kasaija.
The size of economy expanded to Shs162.1 trillion (USD 45.7 billion).
Inflation rose from 2.7 per cent in January 2022 to 6.3 per cent in May 2022.
The shilling depreciated by 1.7 per cent in three months to June 2022 and by 6.7 per cent against the dollar between June 2021-June 2022.
Revenue collection FY2021/22: Shs22.425 trillion, shortfall of shs939 billion.
Taxation
Budget allocations FY2022/23
To enhance anti-corruption drive: Justice, law and order: Shs1.432 trillion
Resource envelope
Total revenue: Shs48, 130.7 billion
Domestic revenue: Shs30, 797.3 billion; (63% of total resource envelope) of which tax revenue is 23,754.9 billion and Shs1, 795.9 billion is non-tax revenue
Total expenditure: 48,130.7 billion, less domestic debt refinancing and Appropriations in Aid amounting to Shs39, 884.2 billion.
At the end of December 2021, total public debt stock: Shs73.5 trillion; External debt stood at shs45.72 trillion; Domestic debt stood at 27.77 trillion
Nominal debt to GDP ratio of 49.7 per cent
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