The Government of Uganda has released Shs 17.18 trillion for the first quarter (Q1) of the Financial Year 2025/26, marking a bold move to jumpstart the implementation of the country’s Tenfold Growth Strategy.

The release represents 23.7% of the total approved national budget of Shs 72.38 trillion.

Speaking at the Ministry’s headquarters in Kampala, on Tuesday July 15, 2025, the Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, said that the funds will target areas with the highest potential to boost productivity, raise household incomes, create jobs, and position Uganda for global competitiveness.

“We are aligning this first quarter release to the Tenfold Growth Strategy. This means focusing resources on areas that directly impact productivity, household incomes, job creation, and national competitiveness,” Ggoobi said.

“The release is not merely routine but part of a larger economic transformation agenda that seeks to scale up government performance and accountability in public finance management,” he added.

The Tenfold Growth Strategy, launched earlier this year, is the government’s blueprint for accelerating economic progress by investing in key sectors such as agro-industrialisation, infrastructure, digital innovation, human capital development, and security.

“Out of the Shs 72.38 trillion approved for the financial year, Shs 43.4 trillion is available for actual implementation after settling all debt and arrears,” Ggoobi said

That timely disbursement of funds will enable Ministries, Departments, and Agencies (MDAs) to initiate procurement processes, pay contractors, and implement community facing projects without delay.

“The first quarter sets the pace for the rest of the financial year, that’s why we are frontloading resources to stimulate activity where it matters most,” Ggoobi said.

With this release, the government also aims to reinforce fiscal discipline, reduce waste, and ensure that every shilling spent delivers measurable results for the public.