The ECOWAS commission has presented a budget of 398 million, 044 thousand, 626 dollars to the ECOWAS parliament for consideration and adoption.
This is 24,388,161 dollars higher than the budget of 2020.
The 2021 ECOWAS budget is to be funded through community levy, year- end bank balances, arrears of community levy proceeds, arrears of contributions, other incomes and external funding.
The expenditure will comprise allocations to institutions, statutory obligations, special programmes and interventions in member states.
Consideration of the budget is ongoing at the virtual ordinary session of the ECOWAS parliament.