This study provides an empirical analysis of the Analysis of implication of fiscal policy on economic growth in Rwanda (1995-2020). This research based in theories that formulated the following research hypotheses; H1: Government expenditure has effect on economic growth. H2: Tax revenue has effect on the economic growth and H3: External debt has effect on the economic growth. Secondary data obtained from World Bank data set have been used within empirical analysis in the study. Using SPPS-22.0, through ANOVA and regression analysis, the findings indicated that government expenditure (GE) has a positive relationship with Economics growth. The findings indicated that Tax revenue (TR) has a positive effect on economic growth in Rwanda and the results reveled also that External debt (EXD) has a positive effect on economic growth (GDP) in Rwanda. The value of R-Squared 0.972 indicated that all independent variables (GE, EXD, and TR) cause variation in Dependent variable (GDP) at the level of 97.2%. The model was valid as it was confirmed by normality test and multi-collinearity test. All the above facts allowed the researchers to confirm that GE, EXD and TR have a statistical significance on GDP in Rwanda. The government of Rwanda has been recommended to improve tax administration as means for improving the working environment, ensuring quality and sustained growth that can potentially improve the pace of Rwanda’s economic advancement and increasing revenue generation preferably through encouraging investments and supporting the creation of small business that can yield capital in order to generate more tax revenue for economic growth. 

Key words: GE, EXD, TR, GDP