Dr Uzziel Ndagijimana, Rwanda's Minister of Finance and Economic Planning, presented a ($4.4 billion) budget. Kigali increased its spending plan by 5.6 percent from ($4.1 billion) the previous fiscal year.Rwanda will finance 63 percent of the budget through domestic revenues, while external loans will constitute 24 percent and external grants 13 percent.The budget for the fiscal year 2023/24 will reflect the medium term fiscal path which allows for an increased spending to reach National Strategy for Transformation (NST1) goals while maintaining public debt to sustainable levels.
