Resumen.

Bibliografía.

This article attempts to provide an exploratory review of policy reforms, trends, and determinants of fiscal deficits in Uganda, a low-income country that has undertaken many successful economic reforms. Fiscal policy reforms initially sought to stabilize the economy in the post-crisis period with structural adjustment and economic recovery programs. With the restoration of macroeconomic stability, fiscal objectives shifted to poverty eradication following the promulgation of the Poverty Eradication Action Plan. More recently, a key fiscal policy objective is to unlock key growth and competitiveness constraints with the rolling out of National Development Plans. These reforms achieved much success in the early years, especially in the areas of macroeconomic stabilization and growth because they received support and political goodwill from the highest echelons of government. However, fiscal slippages during more recent years have often threatened to reverse the hard-earned gains from these reform programs. Consequently, fiscal outcomes have been characterized by revenue shortfalls, budget execution challenges, accumulation of arrears, and rising debt.