Debating at the fifth meeting of the third session in the fourth assembly, the regional legislators motioned that the six governments of EAC member states must honour their budgetary obligations, though on the other hand, some acknowledged challenges faced by the countries in the wake of the Covid-19 pandemic and related lockdown.
The motion was moved by Aden Omar Abdikadir, an EALA member from Kenya.
Over 45 percent of the annual EAC Budget is financed by member state contributions, with some EALA members advising that it was high time the situation is formally notified to the EAC summit so that the six presidents come to the rescue of the EAC.
The now ending EAC Budget for the fiscal year 2019-2020, tabled in June last year was to the tune of $111.4m, in which the Arusha-based East African Community Secretariat was slated to obtain $53.2 and the EALA $18.9m for the year, while the East African Court of Justice had a $4.2m slice.
The Inter-University Council for East Africa was to receive $9.5m, the Lake Victoria Basin Commission $13.1m while $ 4.0m was earmarked for the Lake Victoria Fisheries Organization.
The East African Science and Technology Commission was billed to obtain $1.9m, the East African Kiswahili Commission $1.4m and the East African Health Research Commission $3.9m in annual credits.
The East African Competition Authority was slated to receive $727,501 in budgeting for financial year 2019/2020.
The EAC financial year theme was “transforming lives through industrialization and job creation for shared prosperity.” Its priority interventions touched the consolidation of the single customs territory and promotion of intra-EAC trade and export competitiveness.
It also targeted the development of regional infrastructure, effective implementation of the Common Market Protocol and enhancement of regional industrial development.