The administration of the budget and planning was founded at the same time as the university. The purpose was to have an administration that is responsible for:
- Providing the all the requirements of the university of financial approvals and liaising between the different sectors of the university and all the relevant authorities.
- Preparing the five-year plans of the university.
- Following-up the implementation of the operational plans.
- Preparing the reports about the annual accomplishments.
- Preparing the statistical reports to be submitted to the Ministry of Higher Education – Ministry of Economy and Planning – Ministry of Finance, they include reports about the university's manpower, faculty members and students.
- Preparing the budget projects.
- Creating the financial transactions of all what is issued by the university administration.
- Preparing the transfers between the items in the plan.
- Following-up the expenditure plan.