EAC states to pay more as bloc unveils $123.7m budget By ADAM IHUCHA | Monday, May 14 2012 at 09:51
The East African Community has unveiled its $123,789,199 budget for the 2012/2013 fiscal year.
The proposed figure exceeds the current budget by $1,664,639, meaning that member states and donors will have to increase contributions to enable the EAC secretariat meet its obligations.
“The budget has just been approved by the Council of Ministers in Arusha and it is due to be tabled before the members of the East African Legislative Assembly mid this year,” said the EAC Secretary General Richard Sezibera. However, Dr Sezibera did not to divulge the breakdown of the budgetary allocations.
The EAC institutions include the secretariat, Lake Victoria Basin Commission, East African Court of Justice, East African Legislative Assembly, Civil Aviation Safety and Security Oversight Agency among others.
However, the problem of member states delaying to pay their contribution is one the EAC secretariat has been grappling with.
Officials have been experiencing difficulties in executing the Commission’s objectives due to persistent delays.
In the current financial year, all member states, except for Burundi, are yet to make their full contributions, two months before the end of the current financial year.
Besides making its full contribution for the current financial year, Burundi has already remitted $2.3 million for the 2012/2013 fiscal year.
Rwanda owes the EAC $558 after having contributed $6,732,782 out of the required $6,733,340.
Latest reports show that Kenya owes the EAC $830,094.98 after remitting $5,903,245.02. Tanzania, which hosts the EAC headquarters, owes the regional body $1,702,787.61 after contributing a total of $5,030,552.39. Uganda has an outstanding bill of $657,523.24 after paying $6,075,816.76. Each state is required to pay a total of 6,733,340.00.
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