Govt registers surplus local revenue
By Mike Sebalu
Government has registered a surplus in local revenue collection for the first 4 months of the current financial year 2022/2023.
According to the Permanent Secretary of the Ministry of Finance, Planning and Economic Development Ramathan Ggoobi, Government has realised a difference of over Shs142 billion from the projected Shs7.04 trillion for the 4 months.
Ggoobi says this has been possible due to the effectiveness of government’s domestic revenue mobilisation strategy.
He made the revelation while delivering a presentation of the International Monetary Fund October 2022 Sub Saharan Africa Regional Economic Outlook at Kampala Serena hotel this afternoon.