The Minister of Finance and Economic Planning, Dr. Uzziel Ndagijimana, will this Monday unveil the National Budget for the 2020/2021 fiscal year, The New Times can reveal.
The Chairperson of the Committee on National Budget and Patrimony, Omar Munyaneza, told The New Times in a telephone interview that Covid-19 had come with a set of challenges that were worsened by natural disasters.
Like his counterparts, Ndagijimana is expected to table spending plans for the 2020/2021 fiscal year this month and next, focusing on reviving the economy and livelihoods battered by the Covid-19 pandemic.
Presenting the National Budget Framework Paper to lawmakers on May 21, Ndagijimana said that the government is expected to spend Rwf3, 245.7 billion in 2020-2021 fiscal year, which is Rwf228.7 billion higher than the revised budget estimates of Rwf3, 017.1 billion.
"In line with the plan to address the impact of COVID-19 on the economy and the well-being of the people, the budget for 2020-2021 will focus on implementing the government's economic recovery plan," Ndagijimana said.
