Kenyan Finance Minister John Mbadi presented the country's 2026-27 budget, which foresees a fiscal deficit of 5.5% of GDP chiefly financed through domestic borrowing, expanded tax enforcement and a rise in levies and excise duties on certain products such as tobacco, The Africa Report reported on June 12. Mbadi's Ugandan and Tanzanian counterparts simultaneously presented their own budgets, with Kampala and Dodoma planning to expand domestic revenue mobilization while advancing infrastructure investments in the oil and gas sector and railways, respectively.
In Kenya, Tanzania and Uganda, the fiscal year begins on July 1 and ends on June 30.