• Home
  • About Us
  • Contact Us
Saturday, July 19, 2025
  • Login
No Result
View All Result
Rwanda Dispatch News Agency
Magazine
  • Home
  • Business
  • Politics
  • National
  • Economy
  • Social
  • Opinions
  • Sport
  • E-dition
  • Entertainment
  • Home
  • Business
  • Politics
  • National
  • Economy
  • Social
  • Opinions
  • Sport
  • E-dition
  • Entertainment
No Result
View All Result
Rwanda Dispatch News Agency
No Result
View All Result
Home Economy

Burundi: Parliament approves proposed 46% rise in 2023-2024 budget

by Admin
14 June 2023
in Economy, Regional
0
Burundi: Parliament approves proposed 46% rise in 2023-2024 budget
Share on FacebookShare on TwitterWhatsapp
PDF Button

Burundi’s parliament this week approved a government plan to raise spending by 46% to BIF 3224 billion ($1.14 dollars) in the 2023/24 fiscal year.

Experts have warned that taxes are set to jump sharply as imposed tax revenues have been increased while commodity prices are likely to rise.

The proposed budget plan was delivered to Parliament by the Minister in charge of the national Treasury, Audace Niyonzima.

 Around 116 legislators voted 100 percent to approve the plan.

 The general state budget bill for the 2022/2023 financial year adopted by the Cabinet on the 1st of June, 2022 stipulates that overall revenue will rise to BIF 2,193.6 billion in 2022/2023 from BIF 1,562.06 billion in 2021/2022, which is an increase of 40.4%.

The 2021/22 fiscal year recorded a budget deficit of 100 billion BIF.

The fiscal year 2022/2023 state budget forecast holds high tax increases as revenues are expected to rise by +481.1 billion compared to the previous year.

In addition, experts have warned that the rise in overall revenue from the proposed state’s general budget will weigh heavily on Burundian taxpayers, mainly low-income people already suffering from extreme poverty.

The Prime Minister presented some of the first steps in the government spending plans. The Minister said that funds will be allocated to sectors like labor and employment, construction, public health, youth employment and national security and foreign security agencies.

 After the parliamentary council approves the plan, it will be sent to the political council. This plan will be approved by the head of state of Burundi as stipulated in the Constitution.

Related Posts:

  • Agro-exports make a turnaround 2021/22
    Agro-exports make a turnaround 2021/22
  • Rwandan government plans to spend Rwf3.8 Trillion for next financial year
    Rwandan government plans to spend Rwf3.8 Trillion for next…
  • Minister Ndagijimana tables Budget Framework to parliament
    Minister Ndagijimana tables Budget Framework to parliament
  • President Kagame holds the Annual Diplomats’ Luncheon
    President Kagame holds the Annual Diplomats’ Luncheon
  • Government Outlines Spending Priorities for FY 2021-22
    Government Outlines Spending Priorities for FY 2021-22
  • Minister Uzziel tables Rwf4.6 trillion budget to parliament
    Minister Uzziel tables Rwf4.6 trillion budget to parliament
Tags: 2023-2024 budgetBurundiparliament
Admin

Admin

Next Post
Rwanda to host African Medicines Agency headquarters

Rwanda to host African Medicines Agency headquarters

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Mount Meru Gas

e-Dispatch

e-Dispatch

Click here to download this magazine

Organic Beer

archives

July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    

Dispatch Agency Ltd is a local media institution based in Kigali with various media related products premiered with The Dispatch News Magazine.

  • Home
  • About Us
  • Contact Us

© 2023 Rwanda Dispatch .

No Result
View All Result
  • Home
  • Business
  • Politics
  • National
  • Economy
  • Social
  • Opinions
  • Sport
  • E-dition
  • Entertainment

© 2023 Rwanda Dispatch .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In