The UGC has approved a budget of Tk 12,262.78 crore for the next fiscal year 2023-24 for the 53 public universities of the country and Bangladesh University Grants Commission (UGC).
In the budget, Tk 12185.33 crore has been allocated for public universities and Tk 77.45 crore for UGC. The main budget of the public university has a revenue budget of Tk 6109.10 crore and a development budget of Tk 6076.23 crore in favor of 31 projects.
This budget was approved in the 165th full commission meeting chaired by UGC Chairman Professor Dr. Kazi Shahidullah on Sunday.
UGC Secretary Ferdous Zaman presented the working papers of the meeting. In the meeting, the revised budget of the fiscal year 2022-2023 and the main budget of the fiscal year 2023-24 were presented in detail by the member in charge of the Finance and Accounts Department of UGC Prf. Dr. Md. Abu Taher
In the current fiscal year 2022-23, Tk 9265.17 crore has been allocated in the revised budget of 53 public universities. In this case, the allocation for public universities in the financial year 2023-24 has increased by Tk 2920 crores.
In the financial year 2023-24, Dhaka University received the highest revenue budget of Tk 853.80 crore and Dhaka University received the highest budget allocation of Tk 15 crore in the research sector.
Tk 174 crore has been allocated in the main budget for the financial year 2023-24 for the research of UGC and public universities in higher education. Compared to the current financial year, the allocation for this sector has been increased by Tk 24 crore in the budget. In the revised budget of the last financial year 2022-23, an allocation of Tk 150 crore was considered for the research sector.
In allocation and expenditure of the revised FY 2022-23 and original budget (operations) for FY 2023-24, 55 guidelines and for austerity have been issued in the University.
Regarding the budget allocation, Professor Kazi Shahidullah said that more than Tk 12 thousand crores have been allocated in the financial year 2023-2024 for the management and development of higher education institutions of the country. He called for maximum austerity considering the current situation of the country in terms of expenditure.
He said that the allocation for research sector has been increased in the budget this year. He urged to ensure maximum utilization of the money allocated in the research sector. Professor Kazi Shahidullah urged to follow the guidelines mentioned in the circular in using the money allocated in the budget, including using the money allocated in the budget and not coordinating the budget between the sectors.
