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Rwanda: Government Plans to Spend Rwf3.2 Trillion in 2020-2021

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The Government is expected to spend Frw3,245.7 billion in 2020-2021 fiscal year, which is Rwf228.7 billion higher than the revised budget estimates of Rwf3,017.1 billion.

This was revealed on Thursday by the Minister for Finance and Economic Planning, Uzziel Ndagijimana as he tabled the Budget Framework Paper for the 2020/2021 financial year that starts in July.

Total tax revenue is projected to reduce to Rwf1,421.4 billion in 2020-21, which is Rwf147.6 billion short of Rwf1,569 billion projected in the 2019-20 revised budget.

The pandemic will generally have far reaching impact in terms of expenditure, and the Minister said the budget was designed to respond to economic recovery in the immediate and medium term.

Budget for the fiscal year 2020/21 will reflect medium term fiscal path which allows for an increased spending to reach National Strategy for Transformation goals while maintaining public debt at sustainable levels.

Source: allAfrica.com

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