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Finance Minister Presents Budget To Parliament

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Addressing a combined parliamentary plenary sitting this Thursday May 18, 2022, Minister Dr. Uzziel Ndagijimana said that the total resources estimated for the fiscal year 2022/23 will amount to Rwf4,658.4 billion reflecting a Rwf217.8 billion or 4.7% increase compared to Rwf4,440.6 billion in the 2021-2022 revised budget.

Total domestic resources are estimated at Rwf2,654.9 reflecting 57% of the total budget. Total grants are estimated at Rwf906.9 billion while loans are projected at Rwf651.5 billion.

Generally, domestic resources and loans comprise of 80.5% of the FY 2022-23 estimated budget. On the expenditure front, the recurrent budget is projected at Rwf2,796.1 billion of the total budget while development budget and net lending is projected at Rwf1,862.4 billion.

More details to follow….