DU passes Tk 8.32b budget for 2021-22FY
DHAKA, June 24,2021 (BSS)-The authorities of Dhaka University (DU) today approved a Taka 8.32 billion budget for the fiscal year 2021-22 which was Taka 8.69 billion in the current fiscal year (FY21).
Allocation for research has been increased by Taka 1.5 crore to Taka 11 crore in the FY22 against the current fiscal year's Taka 9.5 crore.
DU treasurer Md Mamtaj Uddin Ahmed placed the new budget in the annual session of the university senate with vice-chancellor Md Akhtaruzzaman in the chair at the Sir Nabab Nawab Ali Chowdhury Senate Bhaban this afternoon.
Like the previous years, a big chunk of the budget will be spent for salary and allowances of teachers and officials-employees of the university.
Of the total amount, 31.80 per cent has been allocated for salary, 27.01 per cent for allowances, 20.20 per cent for supply and service expenses, 14.76 per cent for pension and retirement benefits, 2.61 per cent for capital grants and 2.30 per cent for other grants.
Altogether, 83.74 per cent of the budget, that is about Taka 696.54 crore, has been sanctioned by the University Grants Commission (UGC) and 7.81 per cent, or Taka 65 crore, will come from the university's internal sources while the rest Taka 70.25 crore or 8.45 per cent has been shoed as the deficit.