DU places Tk831.79 crore budget; only 1.32% allocated for research

Dhaka University (DU) today placed a Tk831.79 crore budget for the fiscal year (FY) 2021-22, allocating nearly 59 percent of it for salary and allowances of teachers and staff.

Only 1.32 percent 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 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 from the Tk 869.56 crore of the previous fiscal.

According to the budget proposals, DU will spend 31.80 percent of the total allocation on salary, 27.01 percent on allowances, 20.20 percent on goods and services, 14.76 percent on pension and retirement facilities, 2.61 percent on capital grant, and 2.30 percent on other grants.

Of the proposed budget, the University Grants Commission will provide Tk696.54 crore (83.74 percent) and Tk 65 crore (7.81 percent) will come from the university's internal sources.

So, there will be a deficit of Tk70.25 crore (8.45%) in FY22.