Sata further increases his Salary by K50 million

Sata further increases his Salary by K50 million

President Michael Sata has again increased his salary by K50 million within two months.

A new Statutory Instrument unearthed by the Watchdog show that president Sata has also increased his special allowance by a further K19 million.

On April 1, 2012, Sata increased his salary from the K164 per annum which Rupiah Banda was earning to K327 million.

This is according to statutory instrument no. 17 of 2012 signed by Finance minister Alexander Chikwanda.

The same Statutory Instrument showed that President Sata’ special annual allowance was increased from the K59 million Rupiah Banda was earning to K80 million.

But this hundred per cent increment was not enough.

On 14 June 2012, Sata’ salary was increased by K50 million. This is according to Statutory Instrument number 43 of 2012 signed by Finance minister Alexander Chikwanda and published here.

The additional K50 million was backdated to April 1, 2012 when the first increments were affected.

By the June 14, 2012 increments, Sata’ special allowance was increased from K80 million to K99 Million

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