Rwandan economy growing 6.2% this year: finance minister

Rwanda’s economy is forecast to grow at a slightly slower pace this year before picking up speed again in 2024 and 2025, Finance Minister Uzziel Ndagijimana said on Wednesday. #Rwanda

Ndagijimana told parliament the economy was forecast to grow 6.2% in 2023 and around 7.5% in 2024 and 2025. The finance ministry estimates the economy grew 6.8% in 2022.

He said overall spending for the 2022/23 fiscal year that runs from July to June would rise by just over 2% to 4.76 trillion Rwandan francs ($4.42 billion) from the 4.66 trillion Rwandan francs announced in June when he first presented the 2022/23 budget.

($1 = 1,076.1300 Rwandan francs)