This year’s budget statement will be read today as opposed to the traditional second Thursday of June.
Kenya’s budget statement is read simultaneously with other East African Community (EAC) member states after an agreement was reached to harmonise budget reading.
The change was made to accommodate Uganda’s National Heroes’s day celebrations on June 9.
The annual fete honours and celebrate individuals who have given their lives and wealth to improve the lives of the people of Uganda.
Burundi is yet to adjust its financial year with the rest of the EAC member states. Presently, the land-locked country budget year begins in January and the statement is read in December.
The EAC economies are presently interlinked with ambitious infrastructure projects envisaged.
The projects featured famously in the 2014/15 and 2015/16 budgets to improve trade and transport within the bloc – with some of the projects also aimed at drawing in South Sudan, Ethiopia and the Democratic Republic of Congo.
Already, Kenya, Uganda and Tanzania are benefitting from exporting goods and services to partner states. Rwanda, for instance, has moved the famed annual baby gorilla naming ceremony, Kwita Izina to September from June to accommodate a joint tourism promotion initiatives between Kenya and Uganda.
The initiative has equally seen Kenya set aside the month of October to host its Magical Kenya Expo. The single tourist visa and other initiatives have seen the region market itself as a single tourist destination.
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