Vice Chancellor, Professor Eli Katunguka Rwakishaya says while the university had planned for its activities to a tune 89billion shillings, the budget slashed by 12billion shillings, he says will cripple the operations of the institution.
Some of the key activities feared halted are capital development, payment of domestic arrears, clearing of part-time teaching staff and utilities.
Prof. Katunguka says while some work has is complete, majority of buildings remain with asbestos and will have to wait since no allocation has been made in the next financial year. He says the cost is high because of it involves replacement and proper disposal of the sheets.
Out of the Shs14.6billion required to clear debts for suppliers, only 141 million shillings allocated in the next financial year budget.
According to Katunguka, the Ministry of Finance, Planning and Economic Development sent auditors from Ernst & Young to verify some of the domestic arrears at the institution, last year.
In addition, out of 15billion shillings due to Kyambogo in supply of goods and services, the auditors approved 14.6billion shillings as the genuine amount.
The institution says it was optimistic that the ministry would help them clear this amount only to receive 141million shillings, but still tagged to clearance of international firms. Katunguka says this is likely to attract litigation by suppliers.
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