Kenya will pay the lion share in financing of the East African Community (EAC) budget that will now be based on the size of a country’s economy under a new hybrid system.
The EAC Sectoral Council on Finance and Economic Affairs (SCFEA) chaired by Treasury Cabinet Secretary Ukur Yatani has agreed on a hybrid model of financing that will see countries pay an equal amount for 65 percent of the budget while the remaining 35 percent will be based on the country’s GDP.
