11/2/2011 Presentation Outline 1.Overview of 2010/11 2.Budget and Outturn 2010/11 3.Budget Performance 4.Conclusion 1 1
11/2/2011 Overview of the 2010/11 The original budget approved by Parliament estimated total revenue and grants at RwF 825.9 bn while total expenditures and net lending was estimated at RwF 952.6 bn. The overall cash deficit was estimated at RwF 134.7 bn to be financed with RwF 54.8 bn of net foreign financing and RwF 80.1 bn of net domestic financing. After mid ‐ year review, the budget was revised with a net increase in resources of RwF 18.3 bn while expenditures i i f R F 18 3 b hil dit increased by RwF 35.6 bn. The overall cash deficit increased by RwF 20.4 bn from RwF 134.7 bn to RwF 155.1 bn. This was to be raised mainly from increased net foreign financing . 2 2010/11 Budget and Outturn 3 2
11/2/2011 2010/11 Revenues The revised total revenues were projected at 13.6% of GDP and actual performance reached 14% of GDP: Direct taxes benefited from general economic recovery especially the PAYE. Taxes on goods and services performed very well for the same reasons but also administrative reform measures by RRA. International trade taxes performed less than projected due to larger than expected imports from EAC. Non tax revenues were short of the projected target due to less than projected dividends to facilitate privatization. 4 2010/11 Grants The total budgetary grants realized were 11% of GDP compared to the revised estimate of 10.8% of GDP: More than projected reimbursements by the UN from Peace Keeping Operations for a new contract. Higher than forecasted depreciation of the Rwandan franc against the dollar. Broadening the coverage of project grants in fiscal operations to include Global Fund expenditures. Some sector budget support funds however registered some delays for different reasons. 5 3
11/2/2011 2010/11 Expenditures The total expenditures and net lending reached 28.5% of GDP against the revised estimate of 28.7% of GDP: All categories under recurrent expenditures exceeded the revised estimates by 0.4% of GDP. Under recurrent expenditures, goods and services as well as transfers registered the larger overspending. Capital expenditures were lower than the revised estimate by about 0.4% of GDP. Net lending was lower than projected by about 0.1% of GDP due to more than estimated receipts from the sale of Government shares. 6 2010/11 Financing The overall cash requirement of the Government at 3.9% of GDP was about 0.6% of GDP lower than the revised estimate: Good domestic revenue performance that exceeded the revised estimate by 0.3% of GDP. More than projected budgetary grants that exceeded the revised estimated by 0.2% of GDP. Lower than projected capital expenditures both for domestic and foreign financed capital by about 0.2% of GDP. However, delays in disbursement of budget support funds contributed to increased domestic borrowing to finance the budget as well as the associated costs. 7 4
11/2/2011 2010/11 sector performance Of the total primary outlays of RwF 812.8 Bn, the share of General Public Services expenditure is 25% or RwF 204.4 Bn: Running costs to some key institutions worth about RwF 25.7 Bn Expenditures on coordination of policy and legislative activities worth about RwF 13.0 Bn Block Grant to districts worth RwF 19.9 Bn Spending on Peace Keeping Operations worth about RwF 34.9 Bn Net lending to strategic projects worth about RwF 9.2 Bn N l di i j h b R F 9 2 B Running costs for Diplomatic missions including capital costs worth about RwF 11.4 Bn Membership contributions, monetary policy operations, debt and interest payments worth RwF 50.6 Bn 8 2010/11 sector performance The total primary outlays for 2010/11 were RwF 812.8 Bn against a revised estimate of RwF 805.2 Bn. The share of Education sector expenditure is 17% or RwF 137.5 Bn: Teachers’ salaries that took about RwF 38.7 Bn Transfers for capitation grant worth RwF 15.9 Bn School feeding worth RwF 4.8 Bn Construction of new schools as well as repairs to existing ones took RwF 14.9 Bn Transfers for cost sharing in higher education worth Transfers for cost ‐ sharing in higher education worth RwF 17.6 Bn Transfers for scholarships worth RwF 10.2 Bn Purchases of text books worth RwF 5.6 Bn Transfers for TVET worth RwF 4.3 Bn 9 5
11/2/2011 2010/11 sector performance Of the total primary outlays of RwF 812.8 Bn, the share of Transport and Communication expenditure is 11% or RwF 89.2 Bn: Construction and rehabilitation of various roads took about RwF 15.6 Bn Repairs and maintenance of roads worth about RwF 20.6 Bn Expenditure on National Backbone Infrastructure project worth RwF 24.4 Bn Expenditure on Rwandair worth about RwF 25.2 Bn Expenditure on National Data Center worth about RwF 3.0 Bn Digitalization of Radio and TVR worth about RwF 4.2 Bn Upgrade of Kigali International Airport RwF 1.2 Bn 10 2010/11 sector performance Of the total primary outlays of RwF 812.8 Bn, the share of the Health Sector expenditure is 8% or RwF 63.9 Bn: Remuneration and incentives to Health workers took about RwF 17.2 Bn Transfers for subsidization of Health services (Mutuelles) worth RwF 7.2 Bn Transfers for PBF worth about RwF 10.3 Bn Health equipment and Health infrastructure and Health transport took about RwF 5.6 Bn Expenditure on family planning and reproductive Health was about RwF 1.2 Bn Construction and rehabilitation of districts hospitals worth about RwF 4.9 Bn Purchase of drugs and consumables worth RwF 1.3 Bn 11 6
11/2/2011 2010/11 sector performance Of the total primary outlays of RwF 812.8 Bn, the share of Fuel and Energy expenditure is 7.1% or RwF 57.8 Bn: Electricity Roll ‐ out Program took about RwF 6.3 Bn Construction of Rukarara and Nyabarongo Hydro power stations took about RwF 5.2 Bn Rehabilitation of 3 Micro ‐ Hydro power stations of took about RwF 4.9 Bn Energy subsidies worth about RwF 20.7 Bn Procurement and installation of power transformers took about RwF 3.0 Bn Electrification of Districts took about RwF 9.1 Bn Support for alternative source of energy worth about RwF 0.8 Bn Methane Gas project took about RwF 2.4 Bn 12 2010/11 sector performance Of the total primary outlays of RwF 812.8 Bn, the share of Agriculture Sector expenditure is 6.0% or RwF 49.0 Bn: CIP program to raise productivity to ensure food security and boost exports took about RwF 12.3 Bn One Cow per Family program received RwF 2.7 Bn Export promotion took about RwF 8.1 Bn Irrigation and water harvesting projects took about RwF 6.6 Bn M Mechanization took about RwF 1.6 Bn h i ti t k b t R F 1 6 B Post harvest handling and storage facilities took about RwF 2.5 Bn Support on various research works to improve seeds for crops took about RwF 1.2 Bn 13 7
11/2/2011 2010/11 sector performance Of the total primary outlays of RwF 812.8 Bn, the share of expenditure on Public Order and Safety is 5.9% or RwF 47.9 Bn: Salaries and running costs of Rwanda National Police worth 14.5 Bn Salaries and running costs of Rwanda Correctional Services worth RwF 8.2 Bn Running costs for Judiciary institutions worth about RwF 9 6 Bn RwF 9.6 Bn. Construction and rehabilitation of prisons took about RwF 0.5 Bn Rehabilitation of Police Training School took about RwF 0.2 Bn 14 2010/11 sector performance Of the total primary outlays of RwF 812.8 Bn, the share of Defense Sector expenditure is 5.8% or RwF 46.8 Bn: 46.8 Bn: Defense salaries that took about RwF 30.6 Bn Fuel and motor vehicle repairs 2.9 Expenditures on staff training worth about RwF 1.3 Bn Acquisition of staff uniforms took RwF 1.3 Bn Acquisition of staff uniforms took RwF 1.3 Bn Army shop and personnel welfare fund worth RwF 1.0 Bn Rehabilitation of defense infrastructures RwF 3.2 Bn 15 8
11/2/2011 2010/11 sector performance Of the total primary outlays of RwF 812.8 Bn, the share of expenditure on Industry and Commerce is 4.9% or RwF 40.2 Bn: Transfers to RDB for export promotion and tourism development worth about RwF 12.4 Bn Construction of testing laboratories in RBS worth about RwF 1.3 Bn Strengthening of Cooperative movement and through RCA worth RwF 1.8 Bn Support to SACCOS Micro ‐ Credit Schemes worth RwF 2.8 Bn Expenditure for relocation of Gikondo industrial park worth RwF 2.8 Bn Support to rural small and micro enterprises that took RwF 0.3 Bn 16 2010/11 sector performance Of the total primary outlays of RwF 812.8 Bn, the share of expenditure on Social Protection is 4.5% or RwF 36.9 Bn: Transfers to FARG to support vulnerable genocide Transfers to FARG to support vulnerable genocide survivors worth about RwF 18.8 Bn VUP support to districts for direct support and cash for work worth RwF 11.0 Bn Transfers to demobilization commission to support re ‐ integration activities worth RwF 1.9 B Bn Disaster management operations worth RwF 0.8 Bn Support to orphanages worth RwF 0.5 Bn 17 9
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