Revised FY 2025/26 Budget Increases Investment in National Projects

Kigali, Rwanda February 12, 2026 – The Minister of Finance and Economic Planning, Yusuf Murangwa, today presented a revised national budget for the 2025/26 fiscal year to Parliament, a revision that reflects prudent financial management and a strategic shift toward more affordable funding for major national projects.

The overall budget is adjusted to Frw 6,952.1 billion, a reduction of Frw 80.4 billion from the initial Frw 7,032.5 billion approved budget. This change is attributed to securing more affordable concessional and domestic financing for the New Kigali International Airport project, and the rescheduling of a RwandAir loan repayment to the next fiscal year. These measures together reduce the need for budgetary loans by Frw 645.4 billion.

“This revision reflects prudent fiscal management,” Minister Murangwa said. “By securing better terms for major investments and managing cash flows wisely, we strengthen our fiscal position while protecting core spending.”

Key changes:

The revised budget strategically reallocates resources to prioritize Rwanda’s long-term development:

Resources side: Projected tax and other revenues have been revised upward by Frw 41 billion, reflecting confidence in the growing economy.The Budget loans reduced reflecting prudent management related tosecuring more affordable concessional and domestic financing for the New Kigali International Airport project.

Recurrent Budget Adjusts: The recurrent budget is revised downward by Frw 198 billion to Frw 4,114.9 billion, reflecting change in the previous public debt profile, subsidies and use of good & services.

Development Budget Increases: Investment in capital/development projects rises by Frw 253.2 billion to Frw 2,115.8 billion, ensuring continued progress on national infrastructure and priorities. 

The government will continue to monitor economic performance to ensure the budget’s execution and maintain macroeconomic stability.