EALA Approves EAC Appropriation Bill 2024

EALA Approves EAC Appropriation Bill 2024

The East African Legislative Assembly (EALA) took a significant step in enhancing regional integration and development by passing the EAC Appropriation Bill 2024.

In a session held at the East African Community (EAC) headquarters in Arusha on June 29, the Assembly adopted the committee's report on the general purpose of the EAC budget estimates for revenue and expenditure for the financial year 2024/25.

The committee's report recommended that the Assembly urge the Council to approve EALA's request for USD 810,000 to be allocated for public outreach and sensitization efforts. This funding aims to enhance the visibility of the EAC and was suggested to be included in the supplementary budget for FY 2024/25.

The budget for FY 2024/25, prepared in alignment with global and sector-specific priorities identified during the Pre-Budget Conference on October 23-24, 2023, and adopted by the 53rd Extraordinary Meeting of the Council of Ministers, will focus on several key areas:

  1. Strengthening Regional Peace and Security: Efforts will be directed towards bolstering regional peace, security, and governance mechanisms to maintain stability within the community.
  2. Enhancing Intra-Regional Trade and Investment: The budget aims to create a more conducive business environment to boost intra-regional trade and investment.
  3. Improving Social and Productive Sectors: Initiatives to increase productivity and elevate the standards of living for East Africans will be prioritized.

The total budget for FY 2024/25 amounts to USD 114,425,842, reflecting the EAC's commitment to addressing critical regional needs and promoting sustainable development.