East Africa: EAC Approves 245bn/ - Budget for 2020/2021

AT long last, the East African Community (EAC) Council of Ministers has approved the community’s 2020/2021 budget estimates totaling 97.6m US dollars (about 244.48bn/-).

During its 41st Extra-Ordinary Meeting held via Video-Conferencing, the Council adopted the budget that will cater for three EAC organs and institutions’ recurrent and development expenditure for the current financial year that runs from July 1, 2020 to June 30, 2021.

This comes after a substantial delay that was caused by the ministers not tabling the budget.

During the next financial year, the community will focus on…

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