Uganda’s parliament approved a nearly unchanged $20 billion budget for 2025/26, focusing on agro-industrialisation, tourism, minerals, and oil infrastructure projects.

Uganda's lawmakers have given their approval to the government's proposed budget for the upcoming fiscal year starting in July, with planned expenditures remaining largely consistent compared to the previous year, the parliament announced.

For the 2025/26 financial year, which runs from July to June, the East African nation is set to spend 72.4 trillion Ugandan shillings (equivalent to about $20 billion). This figure is only slightly higher than the current year's budget, which is 72.1 trillion shillings, according to a statement the parliament made on the social media platform X late Thursday.

"The House has considered and approved the proposed annual budget for financial year 2025/2026," the parliament stated.

The government has indicated that spending priorities for the next financial year will focus on agro-industrialisation, tourism, and minerals, including petroleum.

Finance Minister Matia Kasaija is scheduled to formally present the budget to parliament on June 12, where he will provide more comprehensive details about the allocation of funds.

Uganda is actively engaged in infrastructure projects aimed at jumpstarting commercial crude oil production in the coming year.

Among these projects is a $5 billion crude oil pipeline designed to facilitate the transportation of oil from the landlocked country to international markets through neighboring Tanzania.