East African finance ministers present budgets for 2021/22

East African finance ministers present budgets for 2021/22

Advertisement Uganda’s $12.61 billion (Ush44.7 trillion) Budget is being presented by Mr Amos Lugoloobi, the newly appointed Minister of State for Planning. In Tanzania, the Budget will be read by the new Minister of Finance and Planning Dr Mwigulu Nchemba.

Burundi whose financial calendar begins in January and South Sudan were both given time by the EAC Council of Ministers to adjust the reading of their budgets in harmony with the rest of the partner states. But only the three founding member states – Kenya, Uganda and Tanzania – read their budgets today.

Rwanda did not give reason for delaying the budget reading. According to the East Africa Community (EAC) Treaty, partner states are required to read their budgets simultaneously.

Source www.theeastafrican.co.ke VACCINES: Kenya sets aside Ksh14.3 billion ($133 million) for the purchase of Covid-19 vaccines, while Uganda to use Ush560 billion ($159 million).  

Here are some key highlights: Treasury Cabinet Secretary Ukur Yatani will lay out the $33.3 billion (Ksh3.6 trillion) budget which is expected to cement the legacy of Kenya’s President Uhuru Kenyatta 10 years in office in a tough economic setting clouded with depressed corporate and household earnings amid uncertainties arising from the Covid-19 pandemic.

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