How three East Africa nations will free up cash for stimulus
JOHANNESBURG – Governments in East Africa will ask for debt relief and implement new tax measures to free up money to help their economies cope with the fallout from the coronavirus pandemic.
Finance ministers in Kenya, Uganda and Tanzania on Thursday presented their budgets for the fiscal year that starts July 1, and while these three economies will continue to expand, growth will slow due to the pandemic and global and domestic measures to curb its spread.
Even with revenue under pressure, spending will increase for all three countries.
Source: iol.co.za