Even though the senior minister of Information, Communication and National Guidance and also the government spokesperson Dr Chris Baryomunsi reveales that president Museveni directed him to make sure that he puts the country’s national broadcaster the Uganda Broadcast Corporation (UBC) on international standard to match America’s CNN, Britain’s BBC and others, the task is becoming impossible for the man from Kanungu.
According to the Auditor General Edward Akol’s 2024-25 report, the Corporation’s losses are increasing compared to previous years.
He explained that in the financial year under review, UBC made a loss of Shs7.50bn after tax in the year under review up from a loss of Shs1.43bn realized in the previous year
According to the report which has already been handedover to the Speaker of Parliament Annet Anita Among for further management, the Corporation reported the value of property plant and Equipment of Shs321.220bn that included assets that were initially acquired at Shs35.95bn that have since been fully depreciated but still in use.
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“There is need to revalue the affected assets. The Corporation owns 32 parcels of land that are not valued. There is need to have the land valued and titled,” the report stated.
However, he stated that the Corporation has outstanding payables of Shs63.37bn that comprise pay as you Earn, National Social Security Fund and trade payables.
He noted that such situation is exposing the Corporation to risks of legal suits being instituted by suppliers and penalties and fines being raised by Uganda Revenue Authority and National Social Security Fund.
He added that the Corporation has receivables of Shs31.02bn representing a 3.2% decrease compared to the previous year
The report stated that a lot of working capital is tied up in these receivables and negatively affects implementation of the Corporation’s work plans
“Out of the approved strategic plan funding of Shs895.88bn the Corporation realised Shs83.73bn leaving unrealized funding of Shs817.9bn which greatly affected the implementation of the planned interventions and activities.
The report stated that during the financial year 2024/25, the Board approved a total budget of Shs20.703bn, constituting of recurrent Expenditure (wage) of Shs7.654bn and Recurrent (Non-wage) expenditure of Shs13.049bn
“Out of this, the Corporation received Shs18.789bn leaving a variance of Shs1.914bn. The Corporation does not have an approved service charter that informs clients their rights or expectations and obligations, and the commitments that the entity is making in terms of service delivery standards.”
