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EAC mini-budget passed, $2m to pay overdue bills


EAC mini-budget passed, $2m to pay overdue bills
Tuesday July 06 2021
Ken Obura, Chair of the Council of Ministers, with EAC Secretary General Peter Mathuki walk into the East African Legislative Assembly chambers to present the budget on June 28, 2021. PHOTO | MOSES HAVYARIMANA | NMG
Summary
The amount is part of sitting allowances arrears
The EAC will largely borrow from donors to manage the deficit this financial year.
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East African Community has moved to clear salary and allowances owed to its employees and leaders through a supplementary budget that was presented on June 28 for approval.
According to the supplementary budget, EAC organs and institutions including the Secretariat, members of parliament and the Lake Victoria Basin are owed more than $2.2 million in arrears. ....

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EAC tables $91.7 million budget for 2021/22 year


The East African
Tuesday June 29 2021
Ken Obura, Chair of the Council of Ministers, with EAC Secretary General Peter Mathuki walk into the East African Legislative Assembly chambers to present the budget on June 28, 2021. PHOTO | MOSES HAVYARIMANA | NMG
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The East African Community on Monday tabled $91.7 million budget for the 2021/22 financial year during a sitting of the East African Legislative Assembly in Arusha, Tanzania.
According to the EAC council of ministers $54.1 million (59%) will be contributed equally by Partner States or raised as other internal revenues and $37.6 million (41%) of the budget is expected to be sourced from development partners.
Ken Obura, the chief administrative secretary, ministry of EAC and Northern Corridor development and chair of the council of ministers, said that the budget estimates are being presented at a time when the Covid-19 pandemic has ravaged economies through lockdowns and economic shutdowns resul ....

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