The announcement was made on January 23, 2024, during the presentation of the government’s accomplishments under the seven-year plan, NST1 (2017-2024), aimed at propelling sustainable development.

Dr. Ngirente emphasized that a majority of the activities outlined by President Paul Kagame during his 2017 campaign have been successfully accomplished, with the remaining few nearing completion.

He acknowledged the remarkable economic growth, averaging 6.9% over the seven years, except for the setback in 2020 caused by the global economic impact of the Covid-19 pandemic, resulting in a contraction of Rwanda’s economy by -3.4%.

Highlighting factors contributing to the increased budget, Dr. Ngirente stated, "In the last seven years, our income taxes have doubled, demonstrating its pivotal role in the national economy. Our country’s budget has doubled from 2017 to today."

Addressing the government’s commitment to alleviate the impact of high international market prices, Dr. Ngirente revealed investments in programs supporting the costs of petroleum products, fertilizers, and public transport. Notably, the government facilitated the purchase of 200 large buses for the private sector, with 100 already in operation, alleviating the waiting time for passengers.

He outlined the continued expansion of the transportation infrastructure, with plans to acquire a total of 340 vehicles, including an additional 100 arriving in February. The efforts aim to enhance transportation services not only in urban areas but also extending to provinces across the country.

Examining the budgetary evolution, Dr. Ngirente shared, "The budget for 2017/18 was 2,094.9 billion Rwandan francs, with 83% sourced from domestic funds and loans. In contrast, the budget for 2023/2024 stands at Rwf5,030.1 billion, with 59% sourced from within the country, reflecting significant financial progress."

Among the noteworthy achievements, Dr. Ngirente highlighted the construction of roads, terraced land covering 1,147,434 hectares, electrification of over 1.5 million houses, the establishment of six new hospitals, 36 classrooms, and various economic and social development facilities.

In the agricultural sector, the government fulfilled its commitment to seed self-sufficiency, ensuring no seed imports since 2021. Additionally, efforts in animal husbandry infrastructure contributed to a substantial increase in milk production, from over 700,000 liters in 2017 to more than a million liters annually.

Prime Minister Dr. Edouard Ngirente has revealed that over the past seven years, Rwanda's economy has experienced an impressive average growth rate of 6.9%, resulting in a doubling of tax collections and a corresponding expansion of the national budget.