Uganda’s economy remains stable despite increased government spending ahead of the 2026 general elections, according to Permanent Secretary and Secretary to the Treasury Ramathan Ggoobi.
Ggoobi said the country has managed to keep inflation under control due to the government’s strategic investments in food production and the Bank of Uganda’s effective monetary policy, which has helped cushion the economy from election-related pressures.
He noted that sustained agricultural output has ensured steady food supplies, limiting price spikes, while prudent fiscal and monetary coordination continues to support macroeconomic stability.
Ggoobi added that government remains committed to responsible spending, assuring Ugandans that election activities will not derail economic growth or undermine financial stability.
The remarks come amid public concern over the potential impact of heightened political activity on prices, public debt, and overall economic performance as the country heads into the January 2026 elections.
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