Common use of Budget and Contributions Clause in Contracts

Budget and Contributions. 1. The Director-General shall present to the Committee on Budget, Finance and Administration the annual budget estimate and financial statement of the WTO. The Committee on Budget, Finance and Administration shall review the annual budget estimate and the financial statement presented by the Director-General and make recommendations thereon to the General Council. The annual budget estimate shall be subject to approval by the General Council. 2. The Committee on Budget, Finance and Administration shall propose to the General Council financial regulations which shall include provisions setting out: (a) the scale of contributions apportioning the expenses of the WTO among its Members; and (b) the measures to be taken in respect of Members in arrears. The financial regulations shall be based, as far as practicable, on the regulations and practices of GATT 1947. 3. The General Council shall adopt the financial regulations and the annual budget estimate by a two-thirds majority comprising more than half of the Members of the WTO. 4. Each Member shall promptly contribute to the WTO its share in the expenses of the WTO in accordance with the financial regulations adopted by the General Council.

Budget and Contributions. 1. The Director-General shall present to the Committee on Budget, Finance and Administration the annual budget bud­get estimate and financial statement of the WTO. The Committee on Budget, Finance and Administration shall review the annual budget estimate es­timate and the financial statement presented by the Director-General and make recommendations thereon to the General Council. The annual budget estimate shall be subject to approval by the General Council. 2. The Committee on Budget, Finance and Administration Ad­ministration shall propose to the General Council financial regulations which shall include provisions setting out: (a) the scale of contributions apportioning appor­tioning the expenses of the WTO among its Members; and (b) the measures to be taken in respect of Members Mem­bers in arrears. The financial regulations shall be based, as far as practicable, on the regulations and practices of GATT 1947. 3. The General Council shall adopt the financial regulations regula­tions and the annual budget estimate by a two-thirds majority comprising more than half of the Members of the WTO. 4. Each Member shall promptly contribute to the WTO its share in the expenses of the WTO in accordance accor­dance with the financial regulations adopted by the General Council.

Budget and Contributions. 1. The Director-General shall present to the Committee on Budget, Finance and Administration the annual budget estimate and financial statement of the WTOMTO. The Committee on Budget, Finance and Administration shall review the annual budget estimate and the financial statement presented by the Director-General and make recommendations thereon to the General Council. The annual budget estimate estimates shall be subject to approval by the General Council. 2. The Committee on Budget, Finance and Administration shall propose to the General Council financial regulations which shall include provisions setting out: (a) the scale of contributions apportioning the expenses of the WTO MTO among its Members; and (b) the measures to be taken in respect of Members in arrears. The financial regulations shall be based, as far as practicable, on the regulations and practices of the GATT 1947. 3. The General Council shall adopt the financial regulations and the annual budget estimate estimates by a two-thirds majority comprising more than half of the Members of the WTOMTO. 4. Each Member shall promptly contribute to the WTO MTO its share in the expenses of the WTO MTO in accordance with the financial regulations adopted by the General Council.