COVID-19: EAC budget cut by $6 million observer.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from observer.ug Daily Mail and Mail on Sunday newspapers.
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
Advertisement
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 resulting in the loss of m