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BUDGET: What it promises

KIGALI - Rwanda’s fiscal expenditure is projected to rise by 7.6 percent in the next fiscal year, Finance Minister, John Rwangobwa, said as he unveiled the 2011/12 budget, which also entails slashing fuel levies to contain inflationary pressures and cushion the economy against external shocks amidst volatile global oil and food markets.While presenting the budget to Parliament, Rwangombwa highlighted that Rwanda’s ability to cope with the spill-over effects of the global economic and financial situation, which looks uncertain with several macroeconomic risks will remain the key objectives of the country’s economic policy in the coming fiscal year.
The Minister of Finance and Economic Planning. John Rwangombwa, arrives at the parliament to present the  Budget (Photo.T.Kisambira)
The Minister of Finance and Economic Planning. John Rwangombwa, arrives at the parliament to present the Budget (Photo.T.Kisambira)
Times Reporter