Uganda, Jan. 2 -- The state of the economy report for December 2022 by the Central Bank has revealed that in the four months of FY22/23, fiscal operations were less expansionary than programmed, reflecting in part tightening financial conditions and the need to support the disinflation objective of monetary policy.

During the first four months of this fiscal year which ends on June 30 2023, the Central Bank said in the state of the economy report which it released on December 30 2022 that total government expenditure in the period amounted to Shs11.065 trillion, which was Shs1.598 trillion lower than programmed mainly due to underperformance in development expenditure of Shs1.941 trillion.

"Although there was an 18.6 per cent growth in ...