
URA misses revenue target by Shs 94 billion.
The Uganda Revenue Authority (URA) has registered a revenue shortfall of Shs 94 billion a few months to the end of revenue collection account for this financial year 2022/2023.
This was revealed by John Musinguzi, URA Commissioner General during a news conference as he presented key highlights of revenue performance for the period starting July to December 2022.
This financial year 2022/23, URA is expected to collect Shs 25 trillion out of the national budget of shs 49 trillion.
Musinguzi said in the last six months, the tax body had projected to collect Shs11.7 trillion (46.78%) but collected 11.6 trillion representing 46.40%.
“Whereas there was a slight shortfall of Shs 94.80 billion, the general performance was 99.19%. This performance also shows a substantial growth in revenue of Shs 1...