Tribhuvan University budget increases by nearly 10 percent

KATHMANDU: Tribhuvan University (TU) has allocated a budget of Rs 30.87 billion for the upcoming fiscal year 2083/084. The university assembly approved the budget on Thursday, marking a 9.77 percent increase compared to the previous year.

TU Registrar Dr. Rabindra Siwakoti stated that the university expects to cover 49.38 percent of the total budget, amounting to Rs 15.24 billion, through internal resources, while 50.62 percent, or Rs 15.62 billion, is expected from the Nepal government. However, the government has allocated only Rs 7.31 billion in grants for the current fiscal year, which is Rs 4.80 billion less than the previous year.