Subscribe by rss
    Friday 26 February, 2021
    Rwanda News
      • Home
      • National
      • Politics
      • Regional
      • Magazines
      • OP&ED
    Published On: Fri, Jun 15th, 2012
    English / featured1 / Irembo | By Aninta

    The budget will focus on building an infrastructure backbone

    Rwangombwa heads to parliament to read last  Year’s Budget

    Rwangombwa heads to parliament to read last Year’s Budget

    In the 2012/2013 fiscal year, the Government of Rwanda will emphasize scaling up of infrastructure projects to enhance growth and poverty reduction strategies.

    This was stressed during Thursday’s reading of the National Budget that took place at the parliamentary building by the Minister of Finance and Economic Planning John Rwangombwa.

    According to the budget, this year infrastructure will receive 23 percent of the entire budget compared to the share of 21 percent in the previous fiscal year 2011/12.

    “Infrastructure is the backbone of the economy. To encourage the investment that will create more employment for our people, therefore we need to remove the physical infrastructure bottlenecks that exist,” said Rwangombwa.

    “We need to have our entire population connected to steady supply of electricity, good roads and access to clean water and high speed internet among others. This will accelerate the progress that has seen one million Rwandans pull themselves out of poverty in the last five years.”

    This development will see the construction and rehabilitation of over 460 kilometers of roads, adding 30MW to the national grid, and scaling up investment projects in local governments to Rwf79 billion compared with Rwf 25 billion in the previous year.

     

    The budget reflects a significant decrease in the Government of Rwanda’s dependence on donor aid from development partners. The 2012/13 budget’s share funded by aid is 46 percent compared with 85 percent in 2000. “The Government remains determined to progressively reduce its level of dependency,” says the statement

     

    Noting this the Minister said, “While we appreciate all the indispensable help we received from each of our development partners over the last 18 years, we have always focused on using each development project to address current concerns and create a concrete change so that future generations would not be dependent on aid.”

     

    Government spending in the next fiscal year, which begins in July, is also set to rise by Rwf184.4 billion to over Rwf1.3 trillion as treasury scales up spending on infrastructure to boost private sector growth, a policy priority in the country’s vision 2020.

     

     

     

     

     

    Related News
    Tweet

    Rwanda Seeks Russian Help to Stop UN Freeing Key Genocide Convicts

    Africa Innovation Summit Kicks Off in Rwanda

    Disruptive Technology Takes Centre Stage at African Innovation Summit in Rwanda

    Kagame in Belgium, Scheduled Talks with King and PM

    Leave a comment

    Click here to cancel reply.

    XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

    Join us in Facebook

    Popular Posts

    • Unknown son of Gen Fred GISA Rwigema reappears after 24 years
    • Tribert Rujugiro: The Story of the Rwandan Billionaire
    • Israel Joins Rwanda to Demand France Acts on Genocide Suspects
    • Rwanda Seeks Russian Help to Stop UN Freeing Key Genocide Convicts
    • Gen Joseph Nzabamwita Named New Intelligence Chief

    Recent News

    • Rwanda Seeks Russian Help to Stop UN Freeing Key Genocide Convicts
    • Africa Innovation Summit Kicks Off in Rwanda
    • Disruptive Technology Takes Centre Stage at African Innovation Summit in Rwanda
    • Kagame in Belgium, Scheduled Talks with King and PM
    • How Rwandan Banks can Benefit from Latest Technologies
    • Rwanda: Food Delivery App Cuts Prices, Meal Arrival Time
    • Rwanda Starts Phasing Out Dangerous Refrigerators

    Subscribe via email

    Enter your email address:

    Tweet
    Rwanda News
      • Home
      • About us
      • Contact Us
      • Privacy Policy
      • Terms
      • RSS by category
      • Irembo
      • Abanyapolitiki
        • Ibibazo n’ibisubizo
        • Ibikorwa
        • Imitwe ya politiki
        • Rwanda Politics
        • Ubuvugizi
    All Rights Reserved | NewsOfRwanda.com
      • Home
      • National
      • Politics
      • Regional
      • Magazines
      • OP&ED