DU places Tk 831.79 cr budget with only 1.32% for research

Dhaka University (DU) on Thursday placed a Tk831.79 crore budget for the fiscal year (FY) 2021-22 .

 
Dhaka, Jun 24 : Dhaka University (DU) on Thursday placed a Tk831.79 crore budget for the fiscal year (FY) 2021-22 , allocating nearly 59% of it for salary and allowances of teachers and staff.
Only 1.32% of the budget, Tk11 crore, was allocated for the research sector.
DU Treasurer Professor Mamtaz Uddin Ahmed presented the budget at the annual senate session of the university at Nabab Nawab Ali Chowdhury Senate Bhaban with the Senate Chairman and Vice-chancellor Professor Md Akhtaruzzaman in the chair.
This year, the size of the budget was lowered by Tk37.77 crore compared to Tk869.56 crore of the previous fiscal.
According to the budget proposals, DU will spend 31.80% of the total allocation on salary, 27.01% on allowances, 20.20% on goods and services, 14.76% on pension and retirement facilities, 2.61% on capital grant, and 2.30% on other grants, reports UNB.
Of the proposed budget, the University Grants Commission will provide Tk696.54 crore (83.74%) and Tk65 crore (7.81%) will come from the university's internal sources.
So, there will be a deficit of Tk70.25 crore (8.45%) in FY22, reports UNB.