According to the Ministry of Finance and Economic Planning, the budget is intended to sustain economic growth, bolster climate change mitigation efforts, and fund crucial investments in agriculture, private sector development, youth employment, energy, ICT, transport, and financial development.
This is more than Rwf333 billion or 12 per cent higher than the tax revenue target for 2023/2024 was Rwf2.63 trillion for the 2023/2024 fiscal year that ended on June 30. Under Rwanda Revenue Authority action plan for 2024/25, the tax administration body seeks, among others, to maximise revenue collection.
Overall, domestic resources are expected to amount to more than Rwf3.64 trillion - with other revenues apart from taxes expected to contribute more than Rwf444 billion.