Uganda recorded a Government Budget deficit equal to 5 percent of the country's Gross Domestic Product in 2019.

Government Budget in Uganda averaged -2.87 percent of GDP from 1999 until 2019, reaching an all time high of -0.77 percent of GDP in 2005 and a record low of -5 percent of GDP in 2019. This page provides - Uganda Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uganda Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Uganda is expected to reach -8.30 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda Government Budget is projected to trend around -7.00 percent of GDP in 2021 and -5.00 percent of GDP in 2022, according to our econometric models.

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Uganda Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-5.00 -4.70 -0.77 -5.00 1999 - 2019 percent of GDP Yearly

Uganda Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.00 38.60 71.50 19.20 percent [+]
Government Budget -5.00 -4.70 -0.77 -5.00 percent of GDP [+]
Military Expenditure 406.00 347.00 612.00 11.00 USD Million [+]
Credit Rating 31.00 [+]
Government Spending 9660.10 9698.80 9698.80 5059.20 UGX billion [+]

Uganda Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.