EAC Budgets faced by Massive Donor withdrawal
With the gradual withdrawal by the foreign aid to East Africa, the EAC member states retreated to increasing revenue collections in order to face the constraint of the growing economy head on. The 4 east African member states Kenya, Uganda, Rwanda and Tanzania read their fiscal estimates which did not only underline their urge to attain their respective MDG goals that was crafted on economic sustainability. Kenya’s Treasury secretary Henry Rotich presented a Kes1.645Trillion budget that analyst’s term as ambitious and dangerous to implement the historic budget that came along with the devolution. On the other part, Tanzania’s Finance minister William Mgimwa presented the Tshs18, 249 billions with the aim of fostering economic growth. In Rwanda Finance Minister Claver Gatete presented a RWF1,653.5 billion fiscal estimates where the government shall raise 60.2% from local sources and external funding resting the remainder. On the other hand the Ugandan budget was lean at Ush13, 169bi