Parliament wants Government to allocate more budget to Agriculture

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Parliament wants Government to allocate more budget to Agriculture

Yanditswe Jun, 12 2020 09:59 AM
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The Parliamentary Committee on the Economy and Trade, has asked the government to allocate more funds to the Agricultural Sector, owing to the fact that the sector employs about 70% of Rwandans.

During the 2018/2019 Fiscal Year, less than 3% of all Loans issued by Financial Institutions went to the Agricultural Sector, yet it contributed 29% of the country's GDP that year.

The sector got just 13.3% of all long term loans issued by the Rwanda Development Bank, 3rd after Infrastructure and Energy that got 59 and 16.1% respectively.

Such figures have raised concerns among Parliamentarians.

Serge Ntore reports

 



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