The Administration and Finance Committee (AFC) of the Economic Community of West African States (ECOWAS), has presented a preliminary 2024 Consolidated Community Budget of 397,215,748 Units of Account (UA) before the ECOWAS Parliament for consideration.
Presenting the budget, Chairman, Administration and Finance Committee (AFC) of ECOWAS, Yakubu Dadu, said it represented a decrease of five percent compared to the budget of 2023,
The draft budget presented before the Community Parliament indicates an increase of about 24, 460, 009 UA, which represents six percent when compared to the approved budget of 2022 of the sum of 393, 612, 400 UA.
Consequently, the Parliament referred the budget to an Ad hoc Committee set up by the plenary in accordance with the Parliament’s rule of procedure.
The committee which is chaired by the First Deputy Speaker of the ECOWAS Parliament, Ahmed Idris Wase, is expected to scrutinize the draft budget and come up it’s observations and recommendations for adoption at plenary.
The 2024 Consolidated ECOWAS Community Budget proposed an allocation of 23, 215, 934 U.A to ECOWAS Parliament; 16, 417, 047 U.A to the ECOWAS Court of Justice; 62, 689, 949 UA to West African Health Organization and 12, 017, 701 UA to Intergovernmental Group against Money Laundering (GIABA), the Office of the Auditor General, ECOWAS Commission, special programs and interventions in Member States, as well as Peace and Security.
