Uganda’s public debt has risen sharply, increasing from Shs69.20 trillion in 2021 to Shs114.60 trillion in the financial year ending June 2025, according to the latest Auditor General’s report.
The report was today presented to the Speaker of Parliament, Anita Among, and highlights a significant expansion in both domestic and overall public debt.
Domestic debt recorded a particularly steep increase, rising from Shs39.16 trillion in the 2023/2024 financial year to Shs59.02 trillion by the end of June 2025.
Despite the growing debt burden, the report notes an improvement in government revenue performance over the past four financial years. Revenue collections increased from Shs22.098 trillion in the 2021/2022 financial year to Shs32.357 trillion in 2024/2025.
The Auditor General attributes the rise in revenue collections by the Uganda Revenue Authority (URA) to improved performance in taxes on gains and profits, fees and licenses value added tax, as well as customs and excise duties.
By Francis Lubega
29th Jan 2026
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