The University Grants Commission (UGC) on Wednesday approved a budget of Tk 8,485.12 crore for 46 public universities of the country for 2020-21 fiscal year.

Of this amount, the size of revenue budget is Tk 5,454.12 crore while the development budget is Tk 3,031 crore for 53 projects, UGC said in a press release.

Of the universities, Dhaka University was given the highest allocation , it said.

The commission approved the budget at its 158th meeting held virtually with UGC Chairman Professor Kazi Shahidullah in the chair.

Last year, the UGC approved Tk 8,088.49 crore budget for the public universities.