Burundi's government expects overall spending to rise by about 65% in the upcoming fiscal year backed by an increase in donor funds and higher revenues, according to a draft budget presented by its finance minister on Monday.
Finance Minister Audace Niyonzima said spending was projected to rise to 3.95 trillion Burundi francs in the 2023/24 fiscal year from 2.39 trillion Burundi francs in 2022/23.
With a population of about 12 million, Burundi's economy mostly relies on agriculture, in particular tea and coffee.
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