The budget cut follows the government's securing of cheaper concessional and domestic financing for major projects, including Kigali's new international airport, reducing the funding requirement by Rwf 168.2 billion.
Minister Murangwa said external financing is expected to increase by Rwf 250.5 billion, mainly from grants and concessional loans, while projected tax and other domestic revenues have been revised upward by Rwf 41 billion, signalling confidence in Rwanda's growing economy.
The recurrent budget has been revised downward by Rwf 198 billion to Rwf 4,114.9 billion. This adjustment, the minister said, reflects changes in public debt servicing, subsidies, and expenditures on goods and services.
At the same time, investment in capital and development projects has been increased by Rwf 253.2 billion, reaching Rwf 2,115.8 billion.
The revised budget has been submitted to Parliament, which approved it for detailed review by the Finance Committee before final adoption.
Wycliffe Nyamasege
Source : https://en.igihe.com/business-62/article/rwanda-cuts-fy-2025-26-budget-by-rwf-80-4-billion
