Jagannath University has approved a Tk 330 crore budget for the 2026–2027 fiscal year, showing a deficit of Tk 143.39 crore. The approval came during the university syndicate’s 112th special meeting held on June 29 under the chairmanship of Vice-Chancellor Professor Dr. Md. Raiqul Uddin. The syndicate also approved the revised budget of Tk 230.32 crore for the 2025–2026 fiscal year.

According to the approved figures, the 2026–2027 budget includes Tk 159.10 crore from the University Grants Commission (UGC) and Tk 27.50 crore from the university’s own income. Allocations include Tk 8 crore for research, Tk 60 crore for student scholarships, Tk 30 crore for temporary dormitory construction, and Tk 129.80 crore for salaries and allowances. The UGC has withheld allocations for research and vehicle purchases, while several other sectors received about 50 percent less than requested.

The syndicate recommended that the government, through the UGC, provide additional funding to cover the Tk 143.39 crore deficit. The university’s ongoing development project for a second campus has an estimated cost of Tk 1,746.06 crore, with Tk 201.21 crore allocated for 2026–2027.