Skills and infrastructure development should be seen as central in the implementation of the 2016/17 National Budget that was designed to allocate 27 per cent to key priority sectors, including textile, garments, and leather, sector players say.
While used shoes and clothes suffered a major blow in the new Budget with a 12 per cent increase on taxes, the locally produced textile and leather products received a major boost, thanks to the new tax and incentives regimes.
Presenting the Rwf1,949.4 billion Budget to Parliament last week, the Minister for Finance and Economic Planning, Claver Gatete, announced 27 per cent of the money will be allocated to economic transformation with key focus on textiles, garments and leather industry, agriculture export crops, agri-business, construction, livestock, wood industry, minerals, tourism and ICT and trade and investment facilitation. Read more. Source | New Times