KAMPALA – An internal review of the wage budget for Kiira Motors Corporation has uncovered a significant discrepancy, showing that the company received over two billion shillings in excess of its calculated needs for staff salaries for the Financial Year 2023/2024.
According to the corporation’s own computations, the total wage budget required to cater for 94 employees was UGX 7,155,290,880. This figure accounted for 92 staff in post and two “no-shows with genuine reasons.”
However, despite this assessment, the Ministry of Finance, Planning and Economic Development allocated the state-owned car manufacturer a total of UGX 9,189,208,000 for its wage bill. This resulted in an over-budget amount of UGX 2,033,917,120.
The finding indicates that funds designated for salary payments to 94 employees exceeded the corporation’s projected requirement by more than two billion shillings. The details were laid out in a table showing the breakdown of staff categories and the corresponding budgeted amounts.
This over-allocation raises questions about the budget approval process for state-owned enterprises and the mechanisms in place to ensure that government expenditures align with verified operational needs.
As of now, there has been no official statement from Kiira Motors Corporation or the Ministry of Finance regarding the reason for this budgetary discrepancy or the disposition of the excess funds.
