In his budget speech, the Minister for Finance highlighted numerous economic and social achievements, opportunities and well as challenges.
PwC Rwanda’s Budget Bulletin provides insight and analysis on the 2019/20 budget speech and other relevant materials. We hope that you will find it insightful, and look forward to your comments.
The 2019/20 budget is FRW2,876.9 bn) which is an 11% increase on the 2018/19 revised budget (FRW2,585.2 bn). The domestic revenue (including domestic financing) is assumed to contribute 68% of the budget which is still consistent with 2018/19 domestic revenue contribution to budget which is a good indication that in coming years the budget will soon be largely domestically funded.