Finance Ministers and senior economic policymakers from the East African Community (EAC) Partner States have agreed on a coordinated regional approach to budgeting, tax harmonisation and economic integration during the 18th Meeting of the Sectoral Council on Finance and Economic Affairs (SCFEA)

The PSST Ramathan Ggoobi has said under the Tenfold Growth Strategy, Government targets to raise exports from 12% to 50% of GDP.

He said this will partly be achieved by increasing the export value of agro-industrial products to US$20 billion, manufacturing’s share of exports from 16% to 20% and doubling composition of medium and high-tech products in manufactured exports from 21% to 50%.

The PSST made the remarks this afternoon while meeting Private sector stakeholders to discuss off-take opportunities for grain commodities in Uganda.

The Permanent Secretary and Secretary to the Treasury Ramathan Ggoobi has invited investors from the United Kingdom to partner, invest and prosper with Uganda.

The Ministry of Finance, Planning and Economic Development spearheaded UgIFT2.0 mission design technical consultative in collaboration with all the frontline Government implementing institutions together with the World Bank to identify, design reforms that will unlock the role of institutions and public finance in local service delivery.