The Uganda Revenue Authority (URA) has recorded a strong revenue performance in the 2024/25 financial year, surpassing its annual target and collecting UGX 31.63 trillion, a surplus of UGX 262.43 billion.
The Uganda Revenue Authority (URA) announced a revenue collection surplus for the just concluded 2024/25 financial year, highlighting a strong and resilient economic environment backed by improved tax administration and growing taxpayer cooperation.
During a press briefing in Kampala, URA Commissioner General John Musinguzi Rujoki confirmed that the authority collected UGX 31.63 trillion, exceeding the Ministry of Finance’s set target of UGX 31.36 trillion. This impressive performance represents 100.84% of the annual target and a surplus of UGX 262.43 billion.
Rujoki noted that this surplus represents a significant revenue growth of UGX 4.33 trillion, or 15.86%, compared to the previous financial year, signaling a healthy upward trend in domestic resource mobilization.
“This performance was driven by a stable and resilient economy during the year, improved administrative measures, and strong cooperation from our patriotic taxpayers,” said Rujoki. He also attributed the success to digital tax systems, enhanced enforcement, and better engagement with the business community.
Gross domestic revenue collections stood at UGX 21.25 trillion against a target of UGX 21.11 trillion, achieving 100.62% and a surplus of UGX 131.78 billion. This segment recorded a growth of UGX 2.86 trillion (15.59%) compared to the 2023/24 financial year.
Similarly, gross international trade tax collections reached UGX 11.104 trillion, slightly above the target of UGX 11.054 trillion. This translates to a performance of 100.45% and a surplus of UGX 49.32 billion, driven by growth in imports and improved customs enforcement. The international tax segment registered a revenue growth of UGX 1.550 trillion (16.23%) year-on-year.
The economy itself showed strong signs of recovery and expansion. According to URA, Uganda’s GDP growth rate was estimated at 6.7% at the halfway point of the year, powered by growth in services and industrial sectors. Projections suggest that Uganda could be one of Africa’s fastest-growing economies in the near term.
As URA continues to modernize its systems and deepen taxpayer education, the authority is optimistic that revenue collections will keep pace with government ambitions to reduce dependency on external borrowing and fund national development through domestic resources.
The strong 2024/25 revenue performance sets a solid foundation for the upcoming financial year and affirms Uganda’s commitment to self-reliance and fiscal sustainability.
