I interacted with the Parliamentary committee on Appointments following my nomination to serve as Minister of Finance planning and economic development in the Cabinet of 2026-2031. I shared our progress,outlined Ugandas current economic robust base line,and committed to the roadmap for Ugandas economic growth agenda. Going forward my focus is to transition Uganda from incremental growth to exponential takeoff through five pillars 1. The USD 500 Billion Target: Relentlessly execute the Tenfold Growth Strategy to turn Uganda into a half-trillion-dollar economy by 2040. 2. Enforcing Absolute Discipline: Shift the Ministry’s culture from spending money to enforcing results. I will demand strict budget discipline, aggressive procurement reforms, and rigorous value-for-money audits on all public projects. 3. Aggressive Revenue Mobilisation: Implement the second Domestic Revenue Mobilisation Strategy (DRMS) to push our revenue-to-GDP ratio to at least 20%, cutting external dependence. 4. Presidential Wealth Creation Agenda: Prioritize funding and tracking the commercialisation of smallholders to ensure every Ugandan enters the money economy. 5. Smart Oil Governance: Manage our impending oil revenues with bulletproof institutional guardrails. We will use oil to build infrastructure and muscle, ensuring Uganda becomes an oil producer, but never an oil-dependent economy. Over the last five years, we delivered key budgets and reforms, secured Uganda’s exit from the FATF Grey List, strengthened fiscal institutions, and formulated the Tenfold Growth Strategy. Today, Uganda’s economy is strong and accelerating: 7% growth this year, rising to 10.2% with First Oil; GDP at USD 68.4 billion; inflation at 3.3%; debt sustainable at 52.7% of GDP; FDI up 151% to USD 3.66 billion; exports doubled to USD 16.25 billion; and URA projected to finance 80% of the discretionary budget. Formal jobs more than tripled to 2.32 million. UGX 4.4 trillion via PDM has reached 10,589 parishes empowering over 4 million Ugandans while Emyooga has Transformed 2.48 million lives. I am deeply honoured by the trust reposed in me by H.E. the President @KagutaMuseveni and I assure him and the people of Uganda of my unwavering commitment to steering our nation's economic agenda towards sustainable growth, prosperity, and improved livelihoods. I look forward to working collaboratively with stakeholders to drive Uganda's development ambitions.
