East Africa: How region’s $34bn budget affects 130m lives

The economic and social prosperity of 130 million people in the East African region - minus those of Burundi - would be affected by how four countries, namely Tanzania, Kenya, Uganda and Rwanda, implement their combined $34 billion budget. The three main East African economies raised their spending plans for the 2012/13 fiscal year to fund key infrastructure sectors, but analysts faulted their Finance ministers' sunny dispositions on growth outlook and borrowing proposals. Officials in Kenya, Uganda and Tanzania face the challenge of maintaining their recent economic growth rates - among the fastest in Africa - amid global economic uncertainties as well as high inflation and weak currencies at home.