The total resources estimated for the fiscal year 2022/23 will amount to Frw 4,658.4 billion

Minister Uzziel Ndagijimana

Kigali: Addressing a combined plenary sitting, Minister Uzziel Ndagijimana said that the total resources estimated for the fiscal year 2022/23 will amount to Frw 4,658.4 billion reflecting a Frw 217.8 billion or 4.7% increase compared to Frw 4,440.6 billion in the 2021-2022 revised budget.Responding to RwandaFinance, he said total domestic resources are estimated at Frw 2,654.9 billion reflecting 57% of the total budget

Total grants are estimated at Frw 906.9 billion while loans are projected at Frw 651.5 billion. Generally, domestic resources and loans comprise of 80.5% of the FY 2022-23 estimated budgets.

On the expenditure front, the recurrent budget is projected at Frw 2,796.1 billion of the total budget while development budget and net lending is projected at Frw 1,862.4 billion. (End)