UGC okays over Tk 10,000cr budget for public universities

The University Grants Commission (UGC) has approved a budget worth Tk 10.50 thousand crore for the country’s 51 public universities and the commission for fiscal 2022-23.

Of the total amount, Tk 71.67 crore has been allocated for the UGC, the apex body of all affiliated public, private and international universities in Bangladesh, which provides funds for “government-funded universities” of Bangladesh.

The size of the revenue budget of the public universities is Tk 6,023.60 crore and the development budget for 40 projects is Tk 4,420.44 crore, UGC said in a statement on Monday.

The approval was given during the commission’s 162nd meeting held at its Agargaon office with UGC Chairman Prof Dil Afroza Begum (additional responsibility) in the chair on Monday.

In 2021, the UGC approved a budget of Tk 10,032 crore for 49 public universities of the country for FY22.