Uganda Targets 18% Tax-to-GDP Ratio in Next Two Fiscal Years

Uganda is improving tax collection with a tax-to-GDP ratio target of 18% by 2023-24, Uganda Revenue Authority Commissioner-General John Musinguzi says in capital, Kampala.

• Uganda tax collections fund about 47% of the budget and the country borrows the rest
• At 13% of GDP, Uganda is below the sub-Saharan Africa average of 16% of GDP
• To fully fund its spending, Uganda would have to double ratio to 26% of GDP

To contact the reporter on this story:
Fred Ojambo in Kampala at fojambo@bloomberg.net

To contact the editors responsible for this story:
Gordon Bell at gbell16@bloomberg.net

Helen Nyambura, Renee Bonorchis

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