The Minister of Finance and Economic Planning, Ambassador Claver Gatete has presented a draft budget for 2017/2018 showing a significant rise from Rwf 1954.2 billion in 2016/2017 to Rwf 2094.9 billion.
Internally generated revenues and loans account for 83% of the total budget; 17% will come from foreign aid.
As he presented the draft budget to both chambers of the parliament, Minister Gatete explained that recurrent budget take Rwf 1122.9 billion while development budget activities will take Rwf 774 billion.
A total of Rwf 159.1 billion will be allocated to public investment like construction of Bugesera international Airport and expanding RwandaAir activities among others.
It is expected that the nation’s economy will grow by 6.2% in 2017 and 6.8% in 2018.