26,360.45 Ushs. Billions
Approved Estimates
Year: 2016/2017
28,988.00 Ushs.Billions
Approved Estimates
Year: 2017/2018
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Region to adopt new tax rules to protect it from cheap imports

New measures to protect local industries and farmers from cheap imports will be known in June 2017 once the East African Community partner states agree on taxation rates.The region’s finance ministers will meet to agree on a new Common External Tariff (CET) on products like sugar, maize, wheat and rice, as well as customs-related taxation measures designed to protect local industries from cheap imports and unfair competition. Source East African.

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Ugandas budget focus on infrastructure does not bear fruit

For the seventh year running Uganda will increase the national budget to finance more investments in infrastructure, a strategy that experts say could explain the stagnation of the economy.For the financial year starting July 2017, Ugandas budget will increase by 17.7 per cent from Ush25.7 trillion ($7 billion) to Ush30.2 trillion ($8.3 billion).The biggest beneficiary will be the transport sector, whose budget will increase by 27.3 per cent from Ush3.8 trillion ($7 billion) in the 2016/17 financial year to Ush4.9 trillion ($1.3 billion) in 2017/18.

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