For the 2023-2024 fiscal year, Kenya, Uganda, and Tanzania have presented their national budgets, reflecting their economic priorities and financial strategie.

Kenya: Kenya’s budget for the fiscal year 2023-2024 is Ksh3.6 trillion (approximately $25.75 billion), marking a 6.5% increase from the previous year’s Ksh3.38 trillion ($24.18 billion). Key areas of focus include infrastructure development, healthcare, and education. The Kenyan government plans to finance 79.3% of this budget through internal revenues, with the remainder coming from domestic and foreign loans, and a small portion from external grants.

Uganda: Uganda’s budget for the same period is Ush52.74 trillion (around $13.9 billion), up from Ush48.13 trillion ($13 billion) the previous year. This budget aims to support infrastructure projects, social services, and economic growth, with a projected economic growth rate of 6% in the coming year. Financing will mainly be sourced from domestic revenues, supplemented by external grants and loans.

Tanzania: Tanzania’s budget stands at Tsh44.38 trillion (approximately $19.23 billion), representing a 7% increase from the previous year’s Tsh41.48 trillion ($18 billion). The budget emphasizes infrastructure, education, healthcare, and social services. Tanzania plans to finance 70.7% of the budget through domestic revenues, with additional funding from development partners, domestic borrowing, and external non-concessional sources.

These budgets highlight each country’s commitment to infrastructure development, economic growth, and social welfare, albeit with different scales and financing strategies reflective of their economic capacities and priorities.