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This paper takes stock of the main fiscal risks facing the EAC partner countries. These include macroeconomic shocks, and specific risks, such as the financial performance of the public enterprises, large infrastructure projects, PPPs, and pension funds. In addition, weaknesses in the institutional framework are reviewed. This analysis highlights some of the largest risks and begins to give a sense of the potential magnitudes involved.

Monetary unions --- Economic History --- Business & Economics --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Money --- East African Community. --- E.A.C. --- EAC --- Østafrikanske fellesskap --- Jumuiya ya Afrika Mashariki --- East African Common Services Organization --- East African Co-operation --- Africa, East --- Africa, British East --- British East Africa --- East Africa --- Economic policy. --- E-books --- Budget planning and preparation --- Budget Systems --- Budget --- Budgeting & financial management --- Budgeting --- Debt Management --- Debt --- Debts, Public --- Economic sectors --- Expenditure --- Expenditures, Public --- Fiscal policy --- Fiscal risks --- Government business enterprises --- Macroeconomics --- National Budget --- National Government Expenditures and Related Policies: General --- Nationalization --- Nonprofit Organizations and Public Enterprise: General --- Public Administration --- Public debt --- Public enterprises --- Public finance & taxation --- Public Finance --- Public financial management (PFM) --- Public ownership --- Public Sector Accounting and Audits --- Sovereign Debt --- Kenya