Rwanda has adjusted its 2025–26 fiscal year budget, trimming 80.4 billion Rwandan francs ($55 million) after securing better financing terms for major projects. Finance Minister Yusuf Murangwa announced the revised 6.95 trillion franc budget this week, emphasizing a shift toward strategic infrastructure investments like the new Kigali International Airport expansion. 🏗️
The cuts primarily target recurrent spending—think public debt servicing and subsidies—while boosting capital expenditure to fuel long-term growth. Murangwa called it a 'smarter allocation' enabled by concessional loans and domestic financing strategies. 💡
Why it matters: This pivot reflects Rwanda's focus on balancing fiscal discipline with development goals. The move could signal tighter budget management across East Africa as nations adapt to global economic shifts. 🌍
