Rwanda’s Minister of Finance and Economic Planning, Yussuf Murangwa, has outlined the country’s medium-term fiscal strategy and budget trajectory to Parliament, revealing a sharp increase in government spending and sustained economic growth projections through 2028.
Addressing lawmakers during the presentation of the national budget, Murangwa announced that the total budget for the 2025/2026 fiscal year will rise to Rwf 7.32 trillion, a 21% increase from the previous year’s Rwf 5.69 trillion. The budget boost is aimed at accelerating completion of flagship infrastructure projects and improving the livelihoods of Rwandans.
Among the key projects highlighted is the completion of the Bugesera, a long-anticipated development seen as central to the country’s ambition of becoming a regional aviation hub.
The government also plans to invest in additional infrastructure projects geared toward socioeconomic transformation.
Murangwa told Parliament that the government’s strategic focus remains on concluding major development initiatives already underway.
In terms of macroeconomic planning, Rwanda projects its budget-to-GDP ratio to hover above 7% for the next three years before slightly tapering in 2028. Specifically, the budget is expected to represent 7.1% of GDP in 2025, 7.5% in 2026, 7.4% in 2027, and 7.0% in 2028.
“These figures reflect our commitment to finish large-scale investments while maintaining a stable macroeconomic framework,” Murangwa noted.
As for the 2025/26 fiscal breakdown, Rwf 4.28 trillion will go toward recurrent expenditure and public sector wages, while Rwf 2.75 trillion is earmarked for capital investment and government-led development projects.
Murangwa emphasized that the government is aligning resources to priority sectors with the aim of driving inclusive development, improving public service delivery, and sustaining the country’s impressive growth trajectory.
The budget presentation comes at a time when Rwanda is positioning itself as a leader in regional economic integration and sustainable development, balancing large-scale investments with fiscal discipline.
