Fiscal Balance in Uganda

Uganda Fiscal Balance | Economic News & Forecasts

Uganda - Fiscal Balance

Economic conditions likely improved in the third quarter, after GDP contracted in the second on the fallout from the pandemic. Economic activity gained notable momentum in Q3 on average, while exports and imports grew strongly after a sharp decrease in Q2, suggesting that both foreign and domestic demand strengthened in the period amid the further easing of restrictions. Turning to Q4, in October, the private sector PMI climbed to its highest level since the breakout of the pandemic, highlighting a sharp improvement in business conditions as further restrictions were removed. Consequently, output continued to expand, leading to higher employment levels and boding well for private consumption in turn. Additionally, more measures were lifted on 14 November, which should support activity going forward; however, domestic and global Covid-19 cases continue to rise.

Uganda - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-3.9  -4.1  -3.2  -3.8  -6.7  

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Uganda Fiscal Balance Chart

Uganda Fiscal Balance
Note: General government balance as % of GDP
Source: Bank of Uganda

Uganda Facts

Value Change Date
Bond Yield15.751.02 %Dec 31
Exchange Rate3,6700.17 %Dec 31
Stock Market0.30.0 %Jan 07

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