East Africa Budget Analysis 2020/21
Resilience in extraordinary times
Uganda’s budget for the Financial Year 2020/21 under the theme, Stimulating the economy to safeguard livelihoods, jobs, business, and industrial recovery, was delivered by the Minister of Finance Planning and Economic Development Honourable Matia Kasaija at Parliament. In his speech, the Minister recognized the impact that the COVID-19 pandemic has had on the economy resulting in a projected growth of 3.1% in the financial year ending 30 June 2020, compared to an average growth rate of 5.4% in the previous four years.
Uganda Budget Highlights 2020/21
This publication provides a quick overview of the tax measures introduced by the 2020/21 Budget statement. We also highlight the key sectors that have been impacted by provisions in this year’s budget statement. This publication constitutes only a brief guide and is not intended to be a comprehensive summary of the tax law and practice.