Economics
East Africa to Ease Debt Burden as States Rebound From Virus
- Kenya, Uganda, Tanzania finance ministers present budgets
- Ministers see revenue growing, fiscal deficits narrowing
This article is for subscribers only.
Three East African states are betting on an economic recovery from the coronavirus fallout to boost revenues and lower fiscal deficits projected at a combined $16.4 billion in the year starting July 1.
Finance ministers of Kenya, Uganda and Tanzania presented their 2021-22 budgets on Thursday, projecting growth in revenue as economic activity picks up. Spending plans have been increased in the countries, except Uganda.