Posted on June, 11, 2021 at 09:34 am
East African Finance ministers present their national budgets in their respective parliaments for the fiscal year 2021/22 today.
According to the East Africa Community (EAC) Treaty, partner states are required to read their budgets simultaneously.
But only the three founding member states – Kenya, Uganda and Tanzania – read their budgets today.
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.
Rwanda did not give reason for delaying the budget reading.
Uganda's $12.61 billion (Ush44.7 trillion) Budget is being presented by Mr Amos Lugoloobi, the newly appointed Minister of State for Planning.
Source: EIN News