
©2023 International Bank for Reconstruction and Development/International DevelopmentAssociation. The World Bank Group1818 H Street NWWashington DC 20433Telephone: 202-473-1000Internet:www.worldbank.org This work is a product of the staff of The World Bank with external contributions. The findings,interpretations, and conclusions expressed in this work do not necessarily reflect the views of TheWorld Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries,colors, denominations, and other information shown on any map in this work do not imply anyjudgment on the part of The World Bank concerning the legal status of any territory or theendorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. The World Bank encourages dissemination of itsknowledge, so this work may be reproduced, in whole or in part, for noncommercial purposes aslong as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to the Officeof the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; FAX: 202-522-2422; e-mail:pubrights@worldbank.org. Photo credits: Derrick Sanyuni to Derrick Ssenyonyi, 2022 – 2023 and Rachel Mabala (2021-2022)Design/Layout: Artfield GraphicsPrinted in Uganda by Artfield GraphicsAdditional material relating to this report can be found on the World Bank Uganda website (www.worldbank.org/uganda). Contents Acronymms and Abbreviations....................................................................................................................................vForeword......................................................................................................................................................................viAcknowledgements.....................................................................................................................................................viiExecutive Summary.....................................................................................................................................................viii PART 1 State of the Economy....................................................................................................................................12 1.1 Recent Economic Developments...............................................................................................................................14Global economic growth is projected to remain weak in 2023 due to the lingering effects of multiple crises..........14Growth has been broad-based, with rising output in the agricultural, industrial, and service sectors......................14Monetary conditions in Uganda have eased in line with global developments..............................................................17Challenges around revenue collection threaten the fiscal consolidation.........................................................................17The current account remained stable as higher export revenues offset a surge in imports.........................................191.2 Economic Outlook, Risks, and Policy Actions...........................................................................................................21Economic resilience underpinned by the prospects of the oil sector................................................................................211.3 Summary and Recommendations...........................................................................................................................23 PART 2 Assessing the Quality, Efficiency, and Effectiveness of Public Spending in Education..................................24 2.1 Structure and Governance......................................................................................................................................282.2 Key Education Outcomes.......................................................................................................................................302.3 Analysis of Public Spending on Education.............................................................................................................332.3.1 Adequacy...........................................................................................................................................................................332.3.2 Efficiency..........................................................................................................................................................................372.3.3 Equity................................................................................................................................................................................402.4 Recommendations.................................................................................................




