The authorities of Dhaka University (DU) on Wednesday approved a Tk913 crore budget for the 2023-24 fiscal year which was Tk922 crore in the current fiscal year.
Allocation for research has remained unchanged with Tk15.05 crore, 1.64% of the total budget, according to the budget.
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 on Wednesday 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, 30.63% has been allocated for salary, 23.04% for allowances, 22.76% for supply and service expenses, 14.62% for pension and retirement benefits, 2.77% for capital grants, 3.69% for other grants, 0.23% for other capital grants, 0.10% for transport, 0.44% for ICT logistics and the lowest 0.08% for health.
Altogether 84.12% of the budget that is about Tk768.80 crore has been sanctioned by the University Grants Commission (UGC) and 9.30% or Tk85 crore will come from the university's internal sources while the rest Tk60 crore or 6.58% has been showed as the deficit.
DU Pro-VC (education) Dr ASM Maksud Kamal, Pro-VC (Admin) Dr Mohammad Samad, Proctor Dr Masudur Rahman and senate members, among others, were present on the occasion.
