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50 per cent of Rwanda budget goes to growth plan



By Eugene Kwibuka
Government will spend 50 per cent of the planned Rwf1.6 trillion in the 2013/2014 fiscal year on strengthening drivers of economic transformation set out in the second Economic Development and Poverty Reduction Strategy (EDPRS II).
Finance minister Gatete (L)chats with Bernard Makuza, the Senate Vice president in charge of political affairs, before the session. The New Times/ Timothy Kisambira.
Finance minister Gatete (L)chats with Bernard Makuza, the Senate Vice president in charge of political affairs, before the session. The New Times/ Timothy Kisambira.
The Minister for Finance Amb. Claver Gatete disclosed this while presenting the Budget Framework to a joint session of Members of Parliament (Deputies and Senators) on Tuesday.
Amb. Gatete, told lawmakers that government plans to invest Rwf 818 billion in areas of economic transformation, rural development, productivity and youth employment, as well as accountable governance.
The government has identified the areas as the main pillars of EDPRS II, which seeks to fast-track the country’s progress towards attaining middle-income status by the year 2020.
“If we believe that this (EDPRS II) is a programme that is going to contribute significantly to Vision 2020 then we must show it by making sure that we make money available for this programme. 
That’s why it has taken 50 per cent of the entire national budget for the fiscal year 2013/2014,” Amb. Gatete said in an exclusive interview with The New Times shortly after addressing parliament.
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