Government misses its revenue target by Shs180 billion
Uganda, Jan. 25 -- by MARTIN LUTHER OKETCH
Government has missed its revenue surplus target by Shs180.51 billion due to shortfalls and under performance of revenue sources in terms of tax and grants.
The fiscal surplus is a situation where the government has or raises more money than it spends during a particular period such as month, quarter and a year.
The Finance Ministry in performance of the economy macroeconomic policy monthly report for December 2022 notes that the government operations in December resulted in an overall fiscal surplus of Shs335.42 billion, which was lower than the planned surplus of Shs515.93 billion.
"This was on account of the shortfalls registered under revenue and grants, which more than offset the lower t...
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