Ramathan Ggoobi, the Secretary to TreasuryThe Secretary to Treasury, Ramathan Ggoobi has revealed that Government released UGX1.696Trn to the various Ministries, Departments and Agencies involved in the January 2026 general elections and of the funds released, and as of April, 2026, UGX1.508Trn had been spent on elections, with the highest chunk of this; UGX1.146Trn was spent by the Electoral Commission.The details are contained in the Post-Election Economic and Fiscal Update for May 2026 that was released by the Ministry of Finance on 25th May 2026, wherein, Ggoobi emphasized that Uganda’s economy has remained stable post elections.Ggoobi provided a breakdown of the funds released noting that UGX76.121Billion was budgeted and released for election related activities in FY2023/24, UGX312.401Billion and UGX1.308Trn was budgeted for election activities in FY2024/25 and FY2025/26 respectively bringing the total to UGX1.696Trn, the entire amount of released to the various MDAs involved in elections.“As of April, 2026, UGX1.508Trn had been spent on elections. Of this amount, UGX1.146Trn was spent by the Electoral Commission. The post-election economic environment remained stable as the economy continued to demonstrate resilience, supported by strong growth, low inflation and stable currency. Going forward, Government continues to focus on policy priorities that strengthen domestic revenue collection, maintaining fiscal discipline, supporting private sector development, and promoting export diversification,” Ggoobi wrote.According to the Ministry of Finance, initially, the total funds required by the various Ministries, Departments and Agencies (MDAs) involved in preparation and conduct of the general elections for the whole electoral roadmap was UGX1.238Trn with the biggest share of the request UGX838.71Bn was required by the Electoral Commission, but the variance between the initial total requirement and actual releases reflects supplementary allocations driven by emergent security requirements and inflationary adjustments in logistical procurement.Following the general elections, the Ministry of Finance noted that it is now focusing on preparations for oil production that has so far been carefully managed to ensure that resource revenues contribute to sustainable and inclusive growth.The Ministry of Finance noted, “Overall, maintaining macroeconomic stability and policy consistency will be critical in sustaining Uganda’s growth trajectory and achieving its longterm development objectives. The macroeconomic environment remained stable during the general elections and the post-election period. Most macroeconomic parameters remain as estimated before the polling date as captured in the Pre-Election and Fiscal Update.”The post Uganda’s Economy Stable After Spending UGX1.7 Trillion On General Elections-Finance Ministry appeared first on Business Focus.