{"id":35057,"date":"2017-06-09T11:19:26","date_gmt":"2017-06-09T11:19:26","guid":{"rendered":"https:\/\/new.igihe.com\/2017-2018-national-budget-increases-by-rwf-140-7\/"},"modified":"2017-06-12T07:37:20","modified_gmt":"2017-06-12T07:37:20","slug":"2017-2018-national-budget-increases-by-rwf-140-7","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/2017-2018-national-budget-increases-by-rwf-140-7\/","title":{"rendered":"Govt prioritizes Made-in-Rwanda, infrastructure in 2017\/18 budget"},"content":{"rendered":"<p>{The Government of Rwanda has decided to increase spending by Frw 140.7 billion from Frw 1,954.2 billion indicated in the 2016\/17 revised budget to Frw 2,094.9 billion in the 2017\/18 fiscal year, the Finance and Economic Planning Minister has said.}<\/p>\n<p>Presenting the 2017\/18 National Budget to a joint parliamentary session yesterday, Minister Claver Gatete pointed out that generally economic plans enshrined in the 2017\/18 budget as well as medium term will focus on promoting investments and locally made products hence the theme: \u201cSustainable growth through infrastructure development and promotion of Made in Rwanda\u201d. In this regard, Minister Gatete noted that Rwanda\u2019s economy is expected to grow by 6.2% in 2017 and 6.8% in 2018.<\/p>\n<p>{{Resources}}<\/p>\n<p>Government expects to finance 66% of the 2017\/18 budget through resources, 17% through loans and expects 17% to come from grants through budget and project support.<\/p>\n<p>\u201cGovernment\u2019s objective is to reduce the reliance on external donor support especially where grants are concerned. However, this support remains vital for our development,\u201d Minister Gatete told lawmakers.<\/p>\n<p>The 2017\/18 domestic revenue is projected at Frw 1,375.4 billion (66% of total budget) and rises to Frw 1,738.2 Billion representing 83% of the total budget when combined with loans.<\/p>\n<p>The increase in domestic revenues is attributed to Frw 118.9 billion increase in tax revenue collection from projected Frw 1,081.4 billion to Frw 1,200.3 billion.<\/p>\n<p>Total grants are estimated at Frw 356.7 billion compared to Frw 326.6 billion in 2016\/17 revised budget. Total external loans are estimated at Frw 362.8 billion in 2017\/18 and Frw compared to Frw 375.1 billion in the 2016\/17 revised budget on account of revised projections based on the status of the execution of projects.<\/p>\n<figure class=\"spip-document spip-document-20669 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/img-20170608-wa0031-ca686.jpg\" alt=\"The Minister of Finance and Economic Planning ,Amb. Claver Gatete during the presentation of the 2017\/2018 draft budget yesterday.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>{The Government of Rwanda has decided to increase spending by Frw 140.7 billion from Frw 1,954.2 billion indicated in the 2016\/17 revised budget to Frw 2,094.9 billion in the 2017\/18 fiscal year, the Finance and Economic Planning Minister has said.} Presenting the 2017\/18 National Budget to a joint parliamentary session yesterday, Minister Claver Gatete pointed [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[72,75],"byline":[170],"hashtag":[],"class_list":["post-35057","post","type-post","status-publish","format-standard","hentry","category-economy","tag-featured-news-home","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/35057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=35057"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/35057\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=35057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=35057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=35057"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=35057"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=35057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}