Parish Development Model Funds and Oil Revenue: How Uganda’s 2026/27 Budget Benefits Millions

Under the Emyooga programme, the government also released more than UGX100 billion in affordable loans, benefiting over 350,000 people. In addition, UGX76.32 billion in seed capital was given to 3,816 SACCOs, supporting more than one million beneficiaries. According to the ministry, these efforts have helped create and sustain more than 1.1 million jobs, although many remain small-scale. In the agriculture sector, UGX40.7 billion was injected into the Agricultural Credit Facility, while UGX7.5 billion was provided to support agricultural insurance. Nearly 960,000 farmers have benefited from these interventions.

At the same time, Uganda is moving closer to earning from its oil sector, with the East African Crude Oil Pipeline now 80 per cent complete. “Government expects about UGX2.2 trillion from oil revenues next financial year 2026/27, of which UGX1.4 trillion is programmed to finance the budget,” Musasizi told the committee.

The Ministry of Finance is set to receive UGX2.78 trillion in the 2026/27 financial year. Several institutions are also set to receive funding, including the Uganda Development Bank, which will get UGX415.19 billion, and the Microfinance Support Centre, which has been allocated UGX176.67 billion. Enterprise Uganda will receive UGX26 billion to support business development. Despite global economic challenges, the minister said Uganda’s economy remains stable.“The economy is characterised by strong growth momentum, low inflation, stable financial markets and improving external performance,” he said. 

The government says these investments are aimed at lifting households out of poverty, expanding economic opportunities, and preparing the country to add oil revenues to its income streams.