KPMG 2017/2018 Uganda Budget Analysis

KPMG 2017/2018 Uganda Budget Analysis

The overall performance of the Uganda economy as measured by the real GDP is estimated to have grown by 4% for the financial year 2016/17 which is lower than 5% projected at the beginning of the year. The slower growth is mainly attributable to drought which was experienced at half year mark and the slowdown in execution of externally-financed public investment.

1000
KPMG 2017/2018 Uganda Budget Analysis

The IMF projects that Uganda’s GDP will grow at 5% in
2016/17 and average of 6% to 6.5% over the medium
term. The main driver for the projected economic
growth activity will be the accelerated development and
construction of oil-related infrastructure. A slowdown
in the public sector infrastructure development could
undermine growth coupled with tightening global
financing conditions, cuts in aid flows and the negative
effect of climate conditions and pest infestations on the
agricultural sector.

 

 Click the link below to read more.

© 2024  KPMG Uganda is a registered partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.

Connect with us

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today