The New Nation - Internet Edition

CU Correspondent

The Chittagong University (CU) authorities will announce Taka 72.80 crore budget for the financial year 2008-2009. The budget will be placed at the 20th senate meeting tomorrow at AR Mallik Bhaban with Vice Chancellor Prof Dr M Badiul Alam in the chair. Of the total budget, University Grants Commission (UGC) will provide Taka 65.80 crore while Taka 7 crore will be arranged from CU's own revenue, official sources said. Sources said, of the budget expenditure, Taka 46 crore will be spent for salary and other allowances for the teachers and employees, Taka 11 crore for meeting pension demand, Taka 8.90 crore for general activities while Taka 5.03 crore for educational purposes. A Taka 69.20 crore revised budget of the current fiscal (2007- 2008) will also be placed at the senate session, sources said.