EAC seeks $1m bailout to plug budget shortfall

BoT official says the money is expected from two foreign banks before the end of this month

The Consultative Committee involving the Standing Parliamentary Committee on Budget and some Cabinet ministers have agreed to reallocate extra funds to 13 items in a bid to seal the 2013/14 national Budget deficit.

>Government funding of critical projects and programmes could be disrupted following the decision by key donors to withhold $558 million (about Sh950 billion) in budget support over corruption concerns.

Dar seeks to cut budget donor dependency
Daily News
THE government has promised to reduce overdependence on donors in budget allocations by pulling more resources from domestic sources, following a bad experience in the fiscal year ending this month. The matter rose in the National Assembly on ...

EAC Faces Budget Reduction
AllAfrica.com
The East African Community has presented Budget estimates for the Financial Year 2015/2016 totaling to $110, 660,098 to the East African Legislative Assembly sitting in Arusha. EAC budget was presented to the House by the Deputy Minister for East African ...

EAC should face up to budget crunch
East African Business Week
At the best of times, the East African Community (EAC) Secretariat staff in Arusha would wish for more than the $110 million regional legislators are debating at present. Notably, the budget for 2015/16 is about $15 million less than the previous one of $126 ...

Proposed EAC budget up for debate
East African Business Week
ARUSHA, Tanzania - Members of the East African Legislative Assembly (EALA) will this week begin discussion and debate on the EAC Budget for the next financial year during their current session here. The EAC budget proposal speech, in which over $120 ...

IPPmedia
EAC budget speech for next week
IPPmedia
The much anticipated EAC Budget Speech will be read on Tuesday next week, senior official of the East African Legislative Assembly (EALA) said yesterday. The move came after the Speaker Margaret Nantongo Zziwa adjourned the EALA business on ...
East African Legislative Assembly plenary kicks- off, adopting key reportsCoastweek

all 2

East African Business Week
Donors to fund bulk of EAC budget
East African Business Week
PROGRESS: The tendency of having numerous road blocks long East Africa's main transit routes has substantially reduced due in part to the political will of the regional heads of State. COURTESY PHOTO. ARUSHA, Tanzania - Development partners are to ...
EAC Tables US$110 Million Budget to Regional AssemblyAllAfrica.com
Set to align tourism laws: East African Community member stateseTurboNews
EAC tables over 100...