EAC Post Budgets Perspectives On Webinar Today

THE East Africa Business Council (EABC) today starts to assess how the outlined budget measures for the fiscal year 2020/2021 for the partner states of the East African Community (EAC) meet the private sector’s expectations.

It will be examining the implications of fiscal and monetary measures on East African businesses and the regional economic outlook amidst the Covid-19 pandemic.

The EAC partner states unveiled their budgets for the fiscal year 2020/2021 under the theme ‘Stimulating the Economy to Safeguard Livelihoods, Jobs, Businesses, and Industrial Recovery’, with a focus on stimulating economic growth and recovery in light of the impact of the Covid-19.

The EABC Chief Executive Officer (CEO), and Executive Director, Dr Peter Mathuki, said that the Council organised the online webinar via Microsoft Teams from 1400hrs to 1600hrs East African Time today.

“Senior government officials, industry captains, sector stakeholders and development partners across the EAC region have been invited to participate and share insights on the 2020/21 EAC partner states.

“Join this online discussion on Tuesday, 16th June 2020 via Microsoft Teams at 14:00hrs -16:00hrs East African Time (EAT). Link to the meeting shorturl.at/fuLPV,” invited Dr Mathuki.

The EAC finance ministers tabled proposed budgets for the 2020/2021 fiscal year, with Tanzania planning to spend 34.88tr/-in line with its National Development Plan.

The budget focuses on pushing ahead President John Magufuli administration’s agenda of putting up an industrial economy and poverty reduction.