59% of the budget for salaries and allowances
The Dhaka University (DU) authorities on Thursday placed a Tk831.79 crore budget for the 2021-22 fiscal year, allocating nearly 59% of it for salary and allowances of teachers and staff.
Only 1.32% of the budget, Tk11 crore, was allocated for the research sector.
DU Treasurer Professor Mamtaz Uddin Ahmed presented the budget at the annual senate session of the university at Nabab Nawab Ali Chowdhury Senate Bhaban, with Senate Chairman and Vice Chancellor Prof Md Akhtaruzzaman in the chair.
This year, the size of the budget was lowered by Tk37.77 crore compared to the outgoing fiscal year.
According to the budget proposals, DU will spend 31.80% of the total allocation on salary, 27.01% on allowances, 20.20% on goods and services, 14.76% on pension and retirement facilities, 2.61% on capital grant, and 2.30% on other grants.
Of the proposed budget, the University Grants Commission will provide Tk696.54 crore (83.74%) and Tk65 crore (7.81%) will come from the university's internal sources.
So, there will be a deficit of Tk70.25 crore (8.45%) in FY22.