On 11 May 2026, Members of Parliament meeting in a Joint Plenary Sitting have called for strategic measures to address the rising cost of petroleum products and chemical fertilisers, as well as broader economic shocks linked to the ongoing crisis in the Middle East.
The recommendations were made during the presentation of the Budget Framework Paper (BFP) for the 2026/27–2028/29 period by the Minister of Finance and Economic Planning, Yusuf Murangwa.
The Budget Framework Paper outlines the Government’s medium-term macroeconomic and fiscal policy priorities and serves as the basis for preparing the national budget for the 2026/27 fiscal year.
During the presentation, parliamentarians were informed that the proposed national budget for the 2026/27 fiscal year amounts to Frw 7,796.3 billion, up from the revised Frw 6,952.1 billion budget for 2025/26. The increase is expected to support strategic national investments, including the construction of the New Kigali International Airport in Bugesera, the expansion of operations by RwandAir, and fertiliser subsidies aimed at cushioning citizens and the economy against global economic disruptions.
Minister Murangwa told lawmakers that Rwanda’s economy has remained resilient despite challenges stemming from climate change, geopolitical tensions, and disruptions in global trade. He noted that the economy grew by 9.4 percent in 2025, exceeding the projected growth rate of 7 percent, driven by strong performance in the industry, services, and agriculture sectors.
He further explained that the proposed budget framework is aligned with the implementation of the National Strategy for Transformation (NST2) and the country’s long-term development ambitions under Vision 2050, while maintaining sustainable public debt levels.
Under the Economic Transformation Pillar, priority areas include accelerating inclusive growth in agriculture, industry, and services; strengthening climate resilience; promoting manufacturing and exports; and creating sustainable jobs.
The Social Transformation Pillar will focus on improving education and healthcare services, strengthening nutrition and early childhood development, and expanding social protection programmes.
Meanwhile, the Transformational Governance Pillar will prioritise service delivery, public finance management, citizen participation, the rule of law, and national security.
Parliament has also launched consultations with public institutions and civil society organisations through public hearings aimed at gathering views and recommendations to inform the preparation of the national budget for the 2026/27 fiscal year.
