On 10 June 2021, the Finance Ministers of the East African Community (EAC) member countries, with the exception of Rwanda, continued the tradition of the synchronised presentation of their respective budgets. The respective EAC member countries registered minimal GDP growth rates, primarily occasioned by the continued negative impact of the COVID-19 pandemic on global economies, people’s health and livelihoods. Notably, the budgets focused on recovery following the impact of COVID-19 and the resultant containment measures. The budget proposals aim at addressing concerns arising from the difficulties in accessing COVID-19 vaccines, high cost of living, unemployment, stimulating private sector growth and the rising public debt We expect a raft of legislation across the region to anchor the outlined proposals and the revenue raising measures. We shall keep you updated as and when they happen. In the meantime, we have reviewed the respective budget speeches and now provide a summary of the budget proposals and tax measures across the three countries.

Budget Reports

Webinar Recordings