The Government has said that it will increase funding for the national carrier RwandAir to Rwf145.1 billion in the 2020-21 fiscal year, from the current Rwf121.8 billion.
The Minister of Finance and Economic Planning Uzziel Ndagijimana said that the transport sector is among the sectors that have been hit by the pandemic.
The increased funds could help the airline overcome the negative impact exerted by the new Coronavirus pandemic.
The Government will generally spend Rwf30.2 trillion in the next financial year, up from the revised budget of Rwf30 trillion.
Meanwhile, the Government said it will recapitalise the Development Bank of Rwanda (BRD) to continue to recapitalize the financial institution to enable it to expand to the private sector to promote accelerated growth.
