The Ministry of Finance, Planning and Economic Development has launched its Strategic Plan for the financial years 2025/26 to 2029/30, setting an ambitious course to transform Uganda into a US$500 billion economy by 2040.
Speaking at the launch on Wednesday, the Minister of Finance Matia Kasaija, described the new five-year plan as a bold roadmap aimed at strengthening fiscal credibility, mobilising financing, and accelerating inclusive economic growth.
The event also saw the unveiling of the Ministry’s Client Charter and Service Delivery Standards for the same period.
The Minister said the plan marks the beginning of a transformative journey aligned with Uganda Vision 2040 and the country’s long-term development aspirations.
“This Strategic Plan commences a bold course towards building a US$500 billion economy by the year 2040,” the Minister said.
He noting that disciplined fiscal management and strengthened domestic revenue mobilisation will be key to achieving the tenfold economic growth ambition.
He emphasised that fiscal credibility will remain central to the country’s economic transformation agenda, describing it as the foundation of investor confidence, macroeconomic stability, and public trust.
The Ministry also pledged to coordinate financing from diverse sources including domestic revenues, external financing, public-private partnerships, climate financing, and blended finance to support national priorities.
The Permanent Secretary and Secretary to the Treasury (PS/ST) described the plan as a practical roadmap for economic transformation and national development over the next five years.
“This Plan is not merely a document; it is a bold statement of intent and a practical roadmap for the next five years,” the PS/ST said. “It articulates our vision of a competitive economy for national development.”
According to the PS/ST, the Strategic Plan is anchored on six key pillars: strengthening macroeconomic and fiscal policy credibility; mobilising and coordinating financing to reduce the cost of capital; expanding sustainable financing while maintaining debt sustainability; strengthening public investment management; improving public expenditure efficiency; and building institutional capacity and data systems for effective governance.
The Ministry is targeting average economic growth of at least eight percent, poverty reduction, job creation, and sustained macroeconomic stability over the implementation period.
Priority interventions will include financing oil and gas commercialisation, capitalising government development banks and financing schemes, supporting industrial transformation, empowering women entrepreneurs, and strengthening the Parish Development Model to transition households into the money economy.
Both leaders underscored the importance of collaboration, professionalism, and accountability in delivering the plan.
The Minister called on staff, affiliated institutions, and partners to work together to uphold high standards of service and ensure that all Ugandans benefit from the country’s economic progress.
The PS/ST added that the success of the Strategic Plan will depend on timely execution, strong monitoring and evaluation, and improved coordination across government and stakeholders.
As the Ministry embarks on implementing the new plan, officials expressed confidence that disciplined fiscal management, strategic investments, and coordinated financing will position Uganda on a firm path toward a modern, competitive, and prosperous economy.
