Uganda’s revenue shortfall in the first 11 months of 2011-12 widened after the duties on oil imports declined on reduced volumes last month, the Uganda Revenue Authority said.
The East African nation registered a deficit of 67 billion shillings from July 1 through May against a target of 5.5 trillion shillings, the authority said today by e-mail from Kampala, the capital.
Revenue collection in May was 22 billion shillings, below a target of 522 billion shillings after oil imports declined by 13 percent, it said without giving details. Collection for June may improve to 646 billion, it said.
Donors fund a quarter of the nation’s budget, according to the finance ministry, which says the U.S., the U.K., Denmark, the European Union, Sweden and Japan are among the main ones.
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