Bloomberg News

Uganda’s 2011-12 Revenue Deficit Widens as Oil Import Duty Falls

June 28, 2012

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.

To contact the reporter on this story: Fred Ojambo in Kampala at fojambo@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net


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