2022 Fiscal Transparency Report: Rwanda

Government-by-Government Assessments: Rwanda

During the review period, the government made significant progress by making information on debt obligations, including state-owned enterprise debt, publicly available.  The executive budget proposal, enacted budget, and end-of-year report were widely and easily accessible online to the public within a reasonable period.  Allocations to and earnings from all major state-owned enterprises were not available in budget documents.  The government maintained significant off-budget accounts in its gold mining sector.  The supreme audit institution met international standards of independence.  It reviewed the government’s accounts and made its reports publicly available.  The government specified in law or regulation and appeared to follow in practice the criteria and procedures for natural resource extraction contracts and licenses.  Basic information on natural resource extraction awards was public.  The sovereign wealth fund had a sound legal framework and disclosed its source of funding and general approach to withdrawals.

Rwanda’s fiscal transparency would be improved by:

• Publishing in the budget detailed information on allocations to and earnings from all major state-owned enterprises; and
• Eliminating off-budget accounts.