Purpose: Analyse the perception of higher education budget in Bangladesh. Research Methodology: Utilised mainly primary data collected from 314 professions respondents using a structured questionnaire. Both descriptive and inferential statistics was used to analyse data. Findings: Statistical results indicates that most respondents suggested to increase the budget for higher education as the current budget is insufficient. The respondents also agreed to increase research allocation, incentives to teachers, modernise higher educational institutions, laboratories and classrooms, and update the teacher-student ratio as standard. Mann-Whitney U test and Kruskal-Wallis H Test suggested that there was a significant mean rank difference on statements relating to higher education budget by different respondents groups in terms of marital status, education level, education discipline, administrative division, university categories, income group, and working experience, except for some of the statements. Practical Implications: The research adds value to the existing knowledge  and providing policymakers with insights into the scenario of higher education budget and expenditure in Bangladesh. Research Limitations: No opinions were taken from policy-level authorities of concerned ministries and the University Grants Commission of Bangladesh. Originality/Value: A pioneer studies identified the scenario of the budget and expenditure in higher education in Bangladesh based on first-hand data.