1. The budget shall be drawn up in euro.
2. The Deputy Secretary-General shall forward the preliminary draft budget to the SIS Working Group before 30 September and attach an explanatory memorandum.
3. The SIS Working Group shall deliver its opinion on that preliminary draft.
4. The Deputy Secretary-General shall establish the draft budget and forward it by 31 October to the States referred to in Article 25.
5. The Member States referred to in Article 25, meeting within the Council, shall adopt the budget before the end of the year.
6. The decision to adopt the budget, duly notified by the Deputy Secretary-General to the States referred to in Article 25, shall mark the point at which those States' contributions fall due.
1. If the budget has not been finally adopted at the beginning of the financial year:
(a) payments may be made for up to one twelfth, each month, of the total appropriations authorised for each budget title for the preceding financial year; and
(b) the contributions of the States referred to in Article 25 may be called up for up to one twelfth, each month, of the contributions paid under the last duly adopted budget.
2. Each decision to use an expenditure and revenue twelfth, up to a total of three twelfths of the amounts entered in the last duly adopted budget, shall be taken by the Deputy Secretary-General, who shall forward it by letter to the States referred to in Article 25.
3. Above the limit of three twelfths of the amounts entered in the last duly adopted budget, any decision to authorise payments and call up contributions shall be taken by the Member States referred to in Article 25, meeting within the Council.
4. Any measures taken pursuant to paragraphs 1, 2 and 3 shall be terminated immediately on final adoption of the budget.
1. Any draft supplementary or amending budgets shall be submitted, examined and adopted in the same form and using the same procedure as the budget whose estimates they are amending.
2. An amending budget shall be submitted on an annual basis, in the month following the closure of the accounts as laid down in Article 46(1), with the aim of entering the balance of the budget outturn from the previous financial year as revenue in the case of a positive balance or expenditure if the balance is negative.
The budget may be released to the public.
CHAPTER III
Implementation of the budget and accountancy
