UGC approves Tk 80bn budget for universities

The University Grants Commission (UGC) of Bangladesh on Monday approved a Tk 80.88 billion budget for the country's 45 public universities for the 2019-'20 fiscal year, reports UNB.

Of the amount, Tk 50.89 billion will be spent on non-development activities while the remaining Tk 29.99 billion on development activities.

Dhaka University was given the highest non-development allocation of Tk 7.64 billion , while Sylhet Medical University, which was included in the budget for the first time, was provided with the lowest non-development allocation of Tk 36 million.

The approval came at its 155th commission meeting held with UGC chairman Abdul Mannan in the chair at the UGC office, said a press release.

Besides, the meeting approved a Tk 500 million budget for the UGC itself for the 2019-'20 fiscal year.

The meeting also approved the revised budget of Tk 48.34 billion for the universities and the revised budget of Tk 490 million for the UGC for the outgoing fiscal year of 2018-2019.

Of the budget allocated for the public universities, Tk 644 million has been allocated for research activities in the 2019-'20 fiscal year.