DU passes budget Tk922.48 cr

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DU Correspondent :
The Dhaka University passed its largest budget in the history amounting to Tk922.48 crore for 2022-23 fiscal year with 72.94 percent for salaries, allowances, and pensions of teachers and employees. The budget was increased this year from Tk90.79 crore than previous year.
Moreover, the budget for research purposes is only 1.63 percent (15.05 cr) although the hundreds years` university have been hunting criticism for years with a low rankings in the World because of not having basic and fundamental research.
Like previous years, research gets low priority yet again. A major portion
of the budget, 72.94 percent would be spent for salaries, allowances, and pensions for the teachers and employees.
The budget was passed on Thursday in a Senate session chaired by Vice-Chancellor Md Akhtaruzzaman at the Sir NababNawab Ali Chowdhury Senate Bhaban.
DU treasurer Dr Momtaz Uddin Ahmad placed the budget for approval of the senate during the annual Senate session.
A total of Tk922.48 crore budget of which, University Grants Commission (UGC) will donate Tk781.94 crore (84.76%), some Tk83 crore (9.00%) will be met from the university’s own fund and the rest Tk57.54 crore (6.24%) is in the deficit budget.
According to the proposed budget book, the sector-wise budget details of the university, 29.69% of the budget is allocated for salary, 23.74% for allowances, 19.51% for supply and service expense, 19.51% for pension and retirement favour, 2.38% for capital grant, and 3.64% for other grants.
The revised budget for 2021-22 fiscal year was 860.68 crore, Tk774.28 crore in 2020-21, Tk810.42 crore in 2019-20 and Tk741.13 crore in 2018-19.
ProposedTk2705 crore development budget for Master Plan
The university represented to the governmentTk2705 cr development budget to implement master plan that have been taken to extend its education quality, environment and research in 2021 during the celebration of DU hundred years.

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