2004/257/EC: Decision of the European Central Bank of 19… Article 15
Article 15
Budgetary procedure
15.1. The Governing Council, acting upon a proposal from the Executive Board in accordance with any principles laid down by the former, shall adopt, before the end of each financial year, the budget of the ECB for the subsequent financial year.
15.2. For assistance in matters related to the budget of the ECB, the Governing Council shall establish a Budget Committee and lay down its mandate and composition.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04
CitationArticle 15 of 2004/257/EC: Decision of the European Central Bank of 19… (LawPlayer, data as of 2026-07-04)
