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TOOL · GROSS COST

How much would a basic income cost in Uganda?

Calculate the gross annual cost of paying a monthly amount to the country’s adult and child population.

Adult population 27,277,834child population 21,378,767year 2023World Bank WDI

GROSS ANNUAL COST

364,485 million

in UGXUGX 364,485,288,000

Equal to 0.2% of reference GDP

Population covered: 48,656,601 people

Adults: 27,277,834 × UGX 800 × 12 = UGX 261,867,206,400

Children: 21,378,767 × UGX 400 × 12 = UGX 102,618,081,600

UGX 261,867,206,400 + UGX 102,618,081,600 = UGX 364,485,288,000

Offset benefits, recovered tax, administrative savings and later economic effects are not deducted. This is a gross cost, not a net cost.

Sources and method

Population 2023 · World Bank WDI

GDP 2023 · $48,768,955,863 · World Bank WDI

Currency UGX · exchange rate 3,726.1405 UGX/USD (2023)

Converted cost $97,818,451 for the GDP share.