Finance Minister's Vision

Finance Minister Henry Musasizi shared his vision for the Ministry with the Ministry of Finance top management team as he embarked on executing his mandate.
While chairing his maiden top management meeting, Musasizi said his commitment is to transition Uganda from incremental growth to exponential economic take-off through these five pillars.
1.    The USD 500 billion target. “We shall relentlessly execute the tenfold growth strategy to turn Uganda into a USD 500 billion-dollar-economy,” he said.

2.    Enforcing absolute discipline. “We shall shift the Ministry culture from spending money to enforcing results,” Musasizi said, adding that he will demand strict budget discipline, aggressive procurement reforms and rigorous value for money audits on all public projects.

3.    Aggressive revenue mobilization. “We shall implement the second domestic revenue mobilization strategy to push our revenue to GDP ratio to at least 20%, cutting external dependency,” said Musasizi.

4.    Presidential wealth creation agenda. Musasizi said the Ministry will prioritise funding and tracking the commercialization of the smallholders to ensure every Ugandan enters the money economy.

5.    Smart oil governance. “We shall manage our impending oil revenues with bulletproof institutional guardrails,” said the Minister, adding that oil revenue will be used to build infrastructure. He said the goal is for Uganda to become an oil producer but never an oil dependent economy.