The Uganda Revenue Authority (URA) has exceeded its revenue collection target for the 2024/25 financial year, registering a surplus of UGX 262.43 billion. Officials told journalists at their headquarters at Nakawa on Monday that the tax body collected UGX31.63 trillion against a target of UGX 31.36 trillion, representing a performance rate of 100.84 percent and signalling improved tax compliance, administrative efficiency, and economic resilience. URA Commissioner General John Musinguzi Rujoki said the achievement reflects significant progress in domestic revenue mobilization and points to a stronger, more formalized economy. “We are pleased to report that for the financial year 2024/25, URA collected UGX 31.63 trillion, exceeding our target by UGX 262.43 billion. This performance was driven by a stable and resilient economy, improved administrative measures, and strong cooperation from our patriotic taxpayers,†Musinguzi said. The total revenue marked a growth of UGX 4.33 trillion or 15.86 percent compared to the previous financial year. Gross domestic revenue collections stood at UGX 21.25 trillion, slightly above the target of UGX 21.11 trillion, registering a surplus of UGX 131.78 billion. Compared to FY 2023/24, this represented a growth of UGX 2.86 trillion or 15.59 percent. International trade taxes also saw a positive performance, with UGX 11.10 trillion collected against a target of UGX 11.05 trillion resulting in a surplus of UGX 49.32 billion and a year-on-year growth of UGX 1.55 trillion (16.23 percent). Beyond the numbers, this revenue performance has substantial implications for Uganda’s economy. It expands the government’s ability to fund priority sectors such as infrastructure, education, health, and security without overreliance on external debt. It also boosts investor confidence and demonstrates that Uganda is steadily moving toward financial self-reliance. “The revenue we collect directly supports national development. Every shilling enables government to build roads, equip hospitals, improve schools, and secure our country. That is why we emphasize voluntary compliance and public trust,†Musinguzi added. Looking ahead, the Ministry of Finance has set an even more ambitious revenue collection target of UGX 36.74 trillion for the 2025/26 financial year, representing an increase of UGX5.37 trillion or 17.12 percent. Musinguzi expressed confidence in URA’s capacity to meet the new target. “Given the projected economic growth of about 7 percent and the revenue growth realized in the financial year 2024/25, the target for the financial year 2025/26 remains achievable,†he said. To reach that goal, URA plans to scale up enforcement and innovation. It will continue leveraging technology, including systems like the Telecommunications Intelligence Monitoring System (TIMS) and the Data Monitoring System (DMS), which help track mobile money and betting transactions. Tools such as artificial intelligence, digital tax stamps, the Electronic Fiscal Receipting and Invoicing System (EFRIS), and data analytics are also being used to identify revenue leakages, widen the tax base, and improve efficiency. Musinguzi emphasized that URA’s strategy will focus on transparency, staff performance, taxpayer education, and stakeholder engagement. “We are building a smarter, more responsive tax administration—one that supports taxpayers while ensuring fairness and accountability,†he said. With this momentum, URA is positioning itself as a key pillar in Uganda’s economic transformation, supporting sustainable development through improved revenue collection and service delivery.
