UGANDA BUDGET FY 2022/23 KEY HIGHLIGHTS
The budget FY 2022/2023 focuses on full monetization of Uganda’s economy through commercial Agriculture, Industrialization, Market access and Digital transformation.
The budget has increased from FY 2021/2022 44.7 Trillion to 48.1 Trillion FY 2022/23 which will increase individual income from USD 936 to USD 1,046 in current prices which is equivalent to UGX3.7M Per Person per Year
FY 2021/22 FY 2022/23 ALLOCATION COMPARISONS
Sector FY 2021/22 FY 2022/23 Remark
Agriculture Ugx.500BN Ugx.564.39BN Increase production and productivity
Health Ugx.1.4TN Ugx.3.722TN Increment in salary for Health workers
Education Ugx.3.5TN Ugx.4.14TN Increment in salary for Science teachers
Trade and Industry Ugx.1.67TN Ugx.1.449TN
Mineral development Ugx.49BN Ugx.904.1BN
Works and Energy Ugx.1.1TN Ugx.1.573TN Commercialization of Oil & Gas
Transport Ugx.5.1TN Ugx.4.3TN Completion & maintenance of pending works.
Security & Governance Ugx.6.9TN Ugx.7.03TN Improvement of security and security infrastructure.
PDM Implementation Ugx.234bN Ugx.1.059TN Transformation from subsistence to money economy.
Digitization Ugx.134.9BN Ugx.124.2BN
Tax measures
1. No new taxes in FY 2022/23
2. Zero rental income tax rate for individuals that earn annual rental income not
excedding shs 2,820,000 and a rate of 12% of rental income exceeding Shs.
2,820,000
3. 30% rental income tax rate on rental income with expenses capped to 50% for
each of income
4. Exempted the supply of oxygen cylinders
5. Exempted the supply of assistive devices for persons with disabilities
6. Exempted the supply of airport user services charged by CAA
7. Nil stamp duty on instruments such as deeds, agriculture insurance, bonds and
mortgage deed
Strategic interventions to achieve the economic growth
1. Restoration of business activities by increasing access to capital
2. Industrialization particularly focusing on agro industry and light manufacturing.
3. Enhancement of the wellbeing of the Ugandans by improving health,
infrastructure systems and ensuring learning of students.
4. Improvement of productive infrastructure including ICT to support digitalizing
the economy, energy reliability, affordability, effective transport development
and maintenance.
5. Commercialize oil and gas resources, expedite mineral beneficiation and fully
exploit Uganda’s tourism potential.
6. Reform the public sector for greater effectiveness and efficiency. Restoring
business activity and deepening financial inclusion.