The University of Dhaka (DU) Senate has passed a Tk664.37cr budget for Fiscal Year 2017-18 in the annual DU senate session held on Saturday.
DU Treasurer Prof M Kamal Uddin placed the budget, along with the Tk667.19cr revised budget for Fiscal Year 2016-17, in the senate meeting at Nabab Nawab Ali Chowdhury Senate Bhaban, with Vice-Chancellor Professor AAMS Arefin Siddique in the chair.
The University Grants Commission will provide Tk610.10cr for next year’s budget and Tk42.55cr will come from DU's own sources. The budget will likely have a deficit of only Tk11.72cr, the DU treasurer told the senate.
Meanwhile, Tk71.77cr has been earmarked for students' academic programmes, with Tk47.31cr allocated for general activities, and Tk10.5cr for repairs.
Tk416.07cr has been allocated for salary and allowances and Tk106cr for pensions.
Tk14cr, or 2% of the proposed budget, has been allocated for research.
Also Read- DU allocates 2% of budget for research
Due to insufficient budgetary allocation, most teachers and students allege that they were unable to conduct proper research. They allege this is the reason why DU could not manage to secure a place among the top Asian universities.
Dr Arefin said they have limitations, as funds are insufficient, but they are trying their level best to give more priority to research.