UGANDA

UGANDA
Figure 3. Uganda: Fiscal Sector Developments
14
12
10
8
6
4
2
Tax revenues have picked up…
Total Revenue
(percent of GDP)
International trade taxes
Excises
Other*
Income taxes
Value-added tax
0
0
2009/10 2011/12 2013/14 2015/16
* 'Other' includes non-tax and oil revenues
14
12
10
8
6
4
2
2.5
2.0
1.5
1.0
0.5
…and grants are recovering.
Grants
(percent of GDP)
Budget support
Project grants
0.0
0.0
2009/10 2011/12 2013/14 2015/16
2.5
2.0
1.5
1.0
0.5
Current expenditures increased...
…including in higher poverty-alleviating
expenditures …
30
Total Expenditures
(percent of GDP)
30
Poverty Alleviating Expenditure
(percent of GDP)
25
20
15
10
5.6
Net lending and investment
Development expenditures
Current expenditures
5.9
5.8 6.5
7.0 6.7
7.0
25
20
15
10
4
3
2
Program
Actual
4
3
2
5
10.5
12.7
9.4 9.0 9.5 9.9 10.8
5
0
2009/10 2011/12 2013/14 2015/16
0
1
2011/12 2012/13 2013/14 2014/15 2015/16
1
…leading to higher overall deficit…
…and increased public debt.
6
Overall Deficit
(percent of GDP)
6
40
Public Debt
(percent of GDP)
40
5
4
3
2
1
0
-1
-1
2009/10 2011/12 2013/14 2015/16
Float
Domestic financing (net)
External financing (net)
Overall deficit
5
4
3
2
1
0
35
30
25
20
15
10
5
0
Public domestic debt
Public external debt
2009/10 2011/12 2013/14 2015/16
35
30
25
20
15
10
5
0
Sources: Ministry of Finance and IMF staff calculations.
8 INTERNATIONAL MONETARY FUND