REVENUE COLLECTION: URA in UGX2.3 trillion shortfall
Uganda Revenue Authority performed a little above expectations as they posted a lower deficit of 2.3 trillion shillings than the predicted more than three trillion. The tax man has reported collections of up to 19.2tn shillings, 12% of tax to GDP but according to officials the highest growth registered in the last four FYs. However the the culprit to blame for the slight deficit was the Covid pandemic.