Uganda has unveiled plans to reduce its overall spending by 4.1% in the 2026/27 financial year, according to a Ministry of Finance document released on Wednesday. The East African nation projects its public expenditure for the 12 months starting July 2026 at 69.4 trillion Ugandan shillings ($19.9 billion), a decrease from 72.4 trillion shillings in the previous fiscal year. The government also aims to cut domestic debt issuance by 21.1%, lowering it to 9 trillion shillings, to manage interest payments and maintain sustainable debt levels. Key priorities for the upcoming fiscal year include completing the East African Crude Oil Pipeline (EACOP) to initiate crude oil production, advancing mineral quantification for iron ore, gold, and copper deposits, and continuing the development of a refinery and the standard gauge railway project. These measures reflect Uganda’s strategic focus on infrastructure development while ensuring fiscal discipline.