Uganda Public Expenditure Review 2022-23 - Module I - Identifying Broad Macro-Fiscal Options for an Effective and Sustainable Fiscal Adjustment

Jul 19, 2026

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UGANDA PUBLIC EXPENDITURE REVIEW 2022–23, MODULE I, examines Uganda’s macro-fiscal context and the policy challenges shaping fiscal adjustment. It reviews macro-economic developments, fiscal policy evolution, public debt trends and sustainability, and revenue effort and outcomes. The module also assesses spending trends and composition, budget execution issues in public expenditure management, and spending-linked growth outcomes, then presents baseline and alternative scenario simulations to derive practical options for an effective, sustainable fiscal adjustment.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages78

Reading Time3 h 17 min

Acknowledgements

Executive Summary

Introduction and Country Context

Macro-Fiscal Evolution

Macro-Economic Developments

Fiscal Policy Developments and Challenges

Public Debt Trends and Sustainability

Revenue Effort and Outcomes

Overall Macro-Fiscal Summary

Public Expenditures and Implications for Growth

Trends and Composition of Spending

Budget Execution and Other Challenges in Public Expenditure Management

Spending and Growth Outcomes

Overall Expenditure Implications to Growth and Development

Options for Fiscal Adjustment

Baseline Scenario

Simulations of Alternative Scenarios

Overall Implications to Options for Adjustment

References

Annexes

Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized UGANDA PUBLIC EXPENDITURE REVIEW 2022–23 MODULE I IDENTIFYING BROAD MACRO-FISCAL OPTIONS FOR AN EFFECTIVE AND SUSTAINABLE FISCAL ADJUSTMENT © 2023 International Bank for Reconstruction and Development/International Development Association or The World Bank Group 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 [Internet: www.worldbank.org](Internet: www.worldbank.org) This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. The World Bank encourages dissemination of its knowledge, so this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; FAX: 202-522-2422; e-mail: [pubrights@worldbank.org](pubrights@worldbank.org). Photo credits: Mugisha Morris,(2022), Rachel Mabala (2022) and Katumba Badru (2021) Cover picture: Kampala City, (Inset) A client withdrawing money from an Automated Teller Machine in Kampala.(Rachel Mabala, 2022) Design/Layout: Artfield Graphics Printed in Uganda by Artfield Graphics Additional material relating to this report can be found on the World Bank Uganda website ([www.worldbank.org/uganda](www.worldbank.org/uganda)) . 2 Public Expenditure Review 2022-23 Identifying Board Options for an Effective and Sustainable Fiscal Adjustment Contents ACKNOWLEDGEMENTS .....................................................................................................................................................VII EXECUTIVE SUMMARY ................................................................................................................................................... VIII 1. INTRODUCTION AND COUNTRY CONTEXT ........................................................................................................... 1 2. MACRO-FISCAL EVOLUTION .................................................................................................................................. 3 2.1. MACRO-ECONOMIC DEVELOPMENTS ....................................................................................................................... 3 2.2 FISCAL POLICY DEVELOPMENTS AND CHALLENGES .............................................................................................. 8 2.3 PUBLIC DEBT TRENDS AND SUSTAINABILITY .......................................................................................................... 11 2.4 REVENUE EFFORT AND OUTCOMES ........................................................................................................................... 12 2.5 OVERALL MACRO-FISCAL SUMMARY ....................................................................................................................... 16 3. PUBLIC EXPENDITURES AND IMPLICATIONS FOR GROWTH ......................................................................... 17 3.1 TRENDS AND COMPOSITION OF SPENDING ............................................................................................................. 17 3.2 BUDGET EXECUTION AND OTHER CHALLENGES IN PUBLIC EXPENDITUR

FAQs

What does Module I of the Uganda Public Expenditure Review 2022–23 focus on?

It focuses on identifying broad macro-fiscal options to support an effective and sustainable fiscal adjustment by analyzing Uganda’s macro-fiscal context, expenditure implications, and adjustment scenarios.

Which macro-fiscal topics are covered in the module?

The module covers macro-economic developments, fiscal policy evolution and challenges, public debt trends and sustainability, and revenue effort and outcomes, culminating in an overall macro-fiscal summary.

How are fiscal adjustment options developed in the module?

Options are derived by comparing a baseline scenario with simulations of alternative scenarios, including changes in fiscal stance, revenue mobilization, and improvements in social sector and public investment implementation efficiency.

Jul 19, 2026

Upload by Patrick