Friday, February 15, 2013

Rwanda revises national budget upwards on expected bond proceeds

KIGALI (Reuters) - Rwanda revised upwards its national budget after accounting for expected proceeds from a sovereign bond which offset a decline in aid suspended by the West over accusations of arming rebels in neighbouring Congo. Finance Minister John Rwangombwa told parliament on Thursday the new 2012/13 (July-June) budget for the central African country would be RWF 1549.9 billion, a 20 percent increase from the previous amount presented in June. ... Credit of the story

No comments:

Post a Comment