Uganda Revenue Authority updated and accounted to the public on the performance of the last financial year 2024/25.
This falls with in the first month of the financial year 2025/26.
During FY 2024/25, URA was assigned a net revenue target of UGX 31,369.16 billion. The net revenue collected for FY 2024/25 was UGX 31,631.60 billion, achieving an outstanding performance of 100.84 percent with a surplus of UGX 262.43 billion.
This resulted in a notable revenue growth of 15.86 percent (UGX 4,330.37 billion) compared to the previous financial year.
According to URA Commisioner Gen John Musinguzi Rujoki, this performance was driven by a stable and resilient economy during the year, improved administrative measures, and strong cooperation from Uganda’s patriotic taxpayers.
The average net revenue collection growth over the past five years showed continuous expansion.
He says a slower growth was seen in FY 2023/24.
However, this year, the economy grew by 6.7 percent at the halfway point.
John Musinguzi says Uganda’s economy is experiencing strong growth, with projections suggesting a solid performance. Recent reports highlight a positive trend, especially in the services and industrial sectors, and the country is expected to be among the fastest-growing economies in Africa.
