DU passes Tk 8.69b budget for 2020-21FY

The authorities of Dhaka University (DU) on Thursday approved a Tk 8.69 billion budget for the fiscal year 2020-21.

The approved budget has a 1.09 per cent allocation for researches.

DU pro vice-chancellor (administration) Muhammad Samad placed the new budget as the treasurer post is currently vacant.

The budget was presented in the annual session chaired by vice-chancellor Md Akhtaruzzaman at the Sir Nabab Nawab Ali Chowdhury Senate Bhaban in the afternoon.

Like the previous years, a big chunk of the budget will be spent for salary and allowances.

Of the amount, 30.71 per cent has been allocated for salary, 24.81 per cent for allowance, 22.77 per cent for supply and service expense, 14.38 per cent for pension and retirement benefits, 3.52 per cent for capital grant, and 2.72 per cent for other grants.

Altogether, 86.03 per cent of the budget, about Tk 7.48 billion, is being sanctioned by the University Grants Commission (UGC) and 8.17 per cent, or Tk 0.71 billion, will be collected from the university's internal income sources while the rest Tk 0.50 billion or 5.81 per cent is deficit.