As seen in the Ugandan newspaper, The Monitor, Uganda generated an additional Shs44 billion from oil tax revenues during the June 30, 2023 financial year.
This figure contained in the Petroleum Fund Report for the period relayed that Uganda made a total of Shs125.9 billion in oil tax revenues, during the period under review, a 54% increase from the previous year’s Shs81.9 billion.
The report also revealed that tax revenue had the largest percentage of the entire revenue at 94% (Shs118.6 billion), while non-tax revenues came in at 6% (Shs7.4 billion).
Source: BUSINESS INSIDER AFRICA
