Posted 1/18/2024, 3:00:07 PM
Uganda Faces $100 Million Tax Revenue Shortfall in December
- Uganda faced a domestic revenue deficit of Shs394.60 billion in December 2023
- Tax administration issues contributed to declining domestic revenue collections
- The revenue shortfall was revealed in the Ministry of Finance's December 2023 economic report
- Both tax and non-tax revenues fell short of targets for the month
- The largest revenue shortfalls came from international trade taxes, with a Shs 226.67 billion deficit