Murangwa said the economy is projected to expand 7.1% this year and jump to 7.5% in 2026. The economy is expected to grow 7.4% in 2027 and 7.0% a year later, he told parliament. The economy grew 8.9% in 2024, according to the statistics office.

Murangwa, who is presenting a draft budget for 2025/26 (July-June), did not give a reason for the expected slowdown in growth.
Rwanda's economy largely depends on agriculture, tourism and manufacturing.

The government plans to spend 7.03 trillion francs ($5.01 billion) in 2025/26 (July-June), up from 5.82 trillion Francs in 2024/25, he said.

A total of 4.11 trillion Francs ($4.9 billion)would come from domestic revenues, 2.15 trillion ($2.5 billion) francs from loans and another 585.2 billion francs from external grants, Murangwa said.

He did not give details about the nature of loans the government planned to take.

A final version of the 2025/26 budget will be presented in June.


--Reuters--