Rwanda To Fund 66% Of Its Budget

[mchambawima1]

Finance Minister, Claver Gatete has announced that Rwanda will finance 66% (Rwf1, 174.2 billion) of its budget for the financial year 2015/2016.

Gatete said that Rwanda's budget has increased to Rwf1, 768.2 billion ($2.47billion) as total expenditure from Rwf1762.3 billion representing an increase of Rwf5.8 billion.

Minister Gatete said that the increase in domestic revenues (Rwf1, 174.2 billion or 66% of the budget) has increased by Rwf41.6 billion from Rwf1, 132.6 billion in 2014/15. External revenues will be Rwf594.0 billion (34%).

Notably, the country's ability to fund its budget has been increasing year on year.

In 2012/13 budget, the country financed only 54% of Rwf1.3 trillion.

Last year's budget, total domestic resources were Rwf1.08 trillion which accounted for 62% of the total budget, while external resources were Rwf667.6 billion, 38% of the total budget.



Rwanda's Finance Minister Gatete Claver outside Parliament. The country is now able to fund 66% of its budget.


Meanwhile, the Minister told parliament that 51% (Rwf894.8 billion) of the domestic revenues will be generated from taxes while 12% (Rwf219.3 billion) will come from non-tax sources.

The government plans to borrow Rwf60 billion (3%) from domestic sources.

Of the external revenues, 20% (Rwf358.4 billion) will come from grants and 14% (Rwf235.7billion) will be external loans.

Infrastructure, energy and Agriculture prioritized
Minister Gatete told parliament that this year's government spending will mainly focus on the country's key development areas under its 5-year second phase of economic development and poverty reduction strategy (EDPRSII).

Rwf135 billion will be spent on energy to facilitate electricity roll-out for the country's special economic zone.

Roads network will consume Rwf128.3 billion, while access to clean water in the capital Kigali and other areas of the country will consume Rwf34.2 billion.
Agriculture will take Rwf120.6 billion.

Meanwhile, other East African Community member states in which Rwanda belongs, read their budgets concurrently.

This year's budget for Uganda is expected to be Shs24trillion ($5.9bn); Tanzania Tsh19.9trillion ($12.31bn) and kenya's budget ksh 2.1 trillion is $21billion.


Source: KT Press

 

[Elungata]

dollar bilion 2.4 ni pesa ndogo sana,kwa nchi,sio ajabu

 

[Huntsman]

dollar bilion 2.4 ni pesa ndogo sana,kwa nchi,sio ajabu

Nchi pia ni ndogo ki Jiographia

 

[mchambawima1]

dollar bilion 2.4 ni pesa ndogo sana,kwa nchi,sio ajabu

tatizo lenu mnapenda kudandia mgari kwa mbele! cha kwanza kabisa ulitakiwa kujiuliza hapa kote tumefikaje? tupe mda mdogo sana tutakalisha 100%

 

[Elungata]

Nchi pia ni ndogo ki Jiographia

hatA New york ni ndogo ila bajeti yake zaidi ya billion 90 $

 

[Sexer]

hatA New york ni ndogo ila bajeti yake zaidi ya billion 90 $

New york ni ndogo?! Kwa kulinganisha na nini labda!!

 

[jMali]

Rwanda will finance only 66%? on such a small country size of a district? Big deal, Tanzania will finance 91.6%!

 

[Lilambalyakwilole]

Rwanda will finance only 66%? on such a small country size of a district? Big deal, Tanzania will finance 91.6%!

nashanga warwanda wanahangaika humu jf, wajiringanishe na burundi size yao.

 

[Hute]

dollar bilion 2.4 ni pesa ndogo sana,kwa nchi,sio ajabu

hahaha, hizo hela ukikusanya utajiri wa Mengi na Rostam, hao wawili tu wataizidi bajeti nzima ya rwanda. hahaha.

 

[Koba]

Rwanda will finance only 66%? on such a small country size of a district? Big deal, Tanzania will finance 91.6%!

Zero facts and may be you talking about interahamwe budget to fund mapanga na magobore..and you are NOT Tanzanian.

 

[Koba]

dollar bilion 2.4 ni pesa ndogo sana,kwa nchi,sio ajabu

Lol eti 2.4 bn ndogo,akili mbovu tuu...you have to know unaweza kuwa na 10bn budget lakini in actuality ukapata less than 50% na nina uhakika budget ya TZ ambayo inakuwa full funded at the end is less than 50%...Budget is just a forecast na most of the third world states will never see the dime from their budgets.

 

[GENTAMYCINE]

mchambawima1
Hiyo ndiyo Rwanda bhana. Tanzania yenyewe hali ipoje? mlio huko hebu mtujuze.

 

[Swat]

hiyo ndiyo rwanda bhana. tanzania yenyewe hali ipoje? mlio huko hebu mtujuze.

Usiwasikilize wapiga debe hao.
Budget ya Tanzania inajitegemea kwa 70% na iko funded kwa 30%.
Budget ya Rwanda inajitegemea kwa 66% na iko funded kwa 34%.
Sasa hapo nani ni afadhari?

 

[GENTAMYCINE]

Usiwasikilize wapiga debe hao.
Budget ya Tanzania inajitegemea kwa 70% na iko funded kwa 30%.
Budget ya Rwanda inajitegemea kwa 66% na iko funded kwa 34%.
Sasa hapo nani ni afadhari?

kafanye upya utafiti wako kisha uje na mrejesho vinginevyo naona kama vile umejidhalilisha na kutudhihirishia upoyoyo wenye kutukuka.

 

[MOTOCHINI]

tatizo lenu mnapenda kudandia mgari kwa mbele! cha kwanza kabisa ulitakiwa kujiuliza hapa kote tumefikaje? tupe mda mdogo sana tutakalisha 100%

Ndugu mambo yameshakuwa magum bajeti ya nch pesa yakununulia mboga!!

 

[MOTOCHINI]

Usiwasikilize wapiga debe hao.Budget ya Tanzania inajitegemea kwa 70% na iko funded kwa 30%.Budget ya Rwanda inajitegemea kwa 66% na iko funded kwa 34%.Sasa hapo nani ni afadhari?

Wewe habari gani hiyo ya kipuzi, rwanda bajeti ya kununua mboga hiyo

 

[TEKNOLOJIA]

Usiwasikilize wapiga debe hao.
Budget ya Tanzania inajitegemea kwa 70% na iko funded kwa 30%.
Budget ya Rwanda inajitegemea kwa 66% na iko funded kwa 34%.
Sasa hapo nani ni afadhari?

Kwahiyo tumewazidi 4% tu?sioni sababu ya kujivunia hapo ikiwa tuna rasilimali nyingi mno kuliko Rwanda. Tuna madini mengi ya kila aina,tuna vivutio vingi mno vya utalii,tumepakana na bahari,tuna ardhi ya kutosha yenye rutuba na sasa hivi tumegundua hifadhi za gesi na mafuta.Kwa utajiri huu tulio nao wa ralisimali hatukupaswa kuwa na bajeti inayojitegemea ya 70%,We can do better than that. Wewe unaonaje hapo?

 

[damn]

dollar bilion 2.4 ni pesa ndogo sana,kwa nchi,sio ajabu

nchi ina 26,000sq Km ...ni ndogo sana kama baadhi ya wilaya au mikoa midogo ya TZ lakini kwa domestic revenue wanastahili pongezi kutokana na udogo wa nchi na raslimali kidogo walizonazo.

 

[jMali]

Zero facts and may be you talking about interahamwe budget to fund mapanga na magobore..and you are NOT Tanzanian.

of course wewe huko 'marekani' hujui kuwa bajeti zote za EAC huwa zinasomwa wakati mmoja. Keep on hating though

 

[jMali]

Kwahiyo tumewazidi 4% tu?sioni sababu ya kujivunia hapo ikiwa tuna rasilimali nyingi mno kuliko Rwanda. Tuna madini mengi ya kila aina,tuna vivutio vingi mno vya utalii,tumepakana na bahari,tuna ardhi ya kutosha yenye rutuba na sasa hivi tumegundua hifadhi za gesi na mafuta.Kwa utajiri huu tulio nao wa ralisimali hatukupaswa kuwa na bajeti inayojitegemea ya 70%,We can do better than that. Wewe unaonaje hapo?

Linganisha pia na matumizi. Gharama za kuhudumia hako kawilaya na gharama za kuhudumia Tanzania nzima. Na hatujawazidi 4%, according to our budget tutafinance 91.6%! Hivyo fanya 91.6%-66%