9 November 2017

Rwanda: Minister Briefs Parliament on State of Economy

Photo: The New Times
Vegetable vendors await customers at City Market in Nyarugenge District.

The Minister for Finance and Economic Planning, Claver Gatete, will Thursday afternoon brief the Chamber of Deputies about the state of the country's economy and execution of national budget.

During the session the minister will make a presentation about different macroeconomics aspects such as economic growth forecasts, the level of inflation, monetary policies, consumption and investment levels, as well as the level of employment and unemployment among other things.

In his presentation, the minister's is specifically expected to talk about global and Sub-Saharan Africa economic outlook, domestic economic performance and outlook, the performance of different sectors of the economy including the financial sector, National Budget execution in the last three months from July-September 2017 as well as key achievements by specific sectors in the same period.

The country is running on a Rwf2.09-trillion National Budget for the current Financial Year 2017/18, which was designed under the theme of "Sustainable growth through infrastructure development and promotion of Made-in-Rwanda".

Through execution of the budget, the government has sought to invest heavily in infrastructure projects such as building roads and airports, rolling out electricity in more areas, providing more water resources in urban areas, and preparing more industrial parks upcountry among other priorities.

Under the country's law on State finances and property, which establishes principles and modalities for sound management of State finances and property, responsibilities for the minister of finance include informing the Chamber of Deputies every quarter or whenever necessary on macroeconomic and budgetary developments.

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