Principle of annuality
Article 6
1. The appropriations entered in the budget of the PPP body shall be authorised for a financial year which shall run from 1 January to 31 December. 2. Commitment appropriations shall cover the total cost of the legal commitments entered into during the financial year. 3. Payment appropriations shall cover payments made to honour the legal commitments entered into in the financial year or preceding financial years. 4. For administrative appropriations, expenditure shall not exceed the revenue expected for the year as referred in Article 3(a)(i). 5. Given the needs of the PPP body, the unused appropriations may be entered in the estimate of revenue and expenditure of up to the following three financial years. These appropriations must be used first. 6. Paragraphs 1 to 5 shall not prevent budget commitments for actions extending over more than one financial year being broken down over several years into annual instalments where the constituent act so provides or where they relate to administrative expenditure.