The East African Community (EAC) has tabled a $91.7 million budget for the 2021/22 financial year.
According to the EAC council of ministers, $54.1 million (59%) will be contributed equally by member states or raised as other internal revenues, and $37.6 million (41%) of the budget will be sourced from development partners.
As per allocation of the EAC budget for the financial year 2021/22, the Secretariat is expected to get $43.8 million, East African Legislative Assembly $15.4 million, East African Court of Justice $3.7 million, Lake Victoria Basin Commission $8.1 million, East African Science & Technology Commission $1.5 million, East Africa Kiswahili Commission $1.2 million, East Africa Health Research Commission $1.8 million, East African Competition Authority $1 million, The Inter-University Council for East Africa $11.1 million, and Lake Victoria Fisheries Organization $3.6 million.
Denis Namara, the EALA member and the chair of the General Purpose Committee, says that although the budget is meagre, they are still negotiating with the council requesting around $3 million to fund the gaps.
The global COVID-19 pandemic has led to deteriorating external positions in all East African Community member states on account of its adverse consequences on tourism and aviation sectors, workers’ remittances, foreign direct investment and loan disbursements.
See Also:
