Regulation C/REG.10/12/12 Approving the Budget for Community Institutions, other Interventions and Obligations for the 2013 Financial Year

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Economic Community of West African States

Regulation C/REG.10/12/12 Approving the Budget for Community Institutions, other Interventions and Obligations for the 2013 Financial Year

The Council of Ministers,MINDFUL of Articles 10, 11 and 12 of the ECOWAS Treaty as amended establishing the Council of Ministers and defining its composition and functions;MINDFUL of Articles 2 and 6 of the said Treaty and its amendments on the establishment of ECOWAS and its Institutions;MINDFUL of Article 72 of the Treaty relating to the Community Levy;MINDFUL of Article 69 of the Treaty which relates to the budget of the Community Institutions;MINDFUL of the Regulation C/REG.5/05/09 of May 27, 2009 adopting the Financial Regulations of the Institutions of the Economic Community of West African States (ECOWAS);MINDFUL in particular, of Articles 11 and 12 of the Financial Regulations of the Community referred to in the preceding paragraph, which provide for the preparation of a consolidated budget for the Community and for the structure and presentation of the Budget;HAVING CONSIDERED the budget estimates of ECOWAS Institutions as well as other ECOWAS Interventions and Obligations as proposed by the twelfth meeting of the Administration and Finance Committee which was held in Abuja from 14th - 17th November, 2012;ENACTS

Article 1

The budget estimates of the ECOWAS Institutions/Agencies as well as that for other ECOWAS Interventions and Obligations for the 2013 financial year considered at the 12th meeting of the Administration and Finance Committee in income and expenditure at the sum of Four hundred and ninety four Million, eight hundred and eighty nine thousand, five hundred and sixty seven Units of Account (UA494, 889,567) is hereby approved.

Article 2

1.Approved Budget Income for 2013 is as follows:
i) Community Levy from Member States UA 143,383,192
ii) Reserve (Opening Balance of Community Levy) UA 110,892,644
iii) Arrears of Community Levy Proceeds UA 210,424,285
iv) Arrears of Contributions UA 4,177,690
v) Other Income UA 149,386
vi) Income from External Sources UA 26,862,370
  Total UA 495,889,567
2.Approved Budget Expenditure for 2013 is allocated as follows:
i) Institutions UA192,223,052
ii) Statutory Obligations UA7,877,588
iii) Interventions in Member States UA25,402,347
iv) Peace and Security UA270,386,581

Article 3

The 2013 Budget estimates of the Community Institutions shall be derived from the following sources:
a)An amount of One hundred and sixty one million, thirty three thousand, six hundred and six Units of Accounts (UA161,33,606UA) shall be derived from resources obtained from the Community Levy.
b)An amount of Four million, one hundred and seventy seven thousand six hundred and ninety Units of Accounts (UA4,177,690) shall be derived from arrears of contribution.
c)An additional amount of One hundred and forty nine thousand, three hundred and eighty six Units of Account (UA149,386) shall be derived from other sources.
d)An amount of Twenty six million, eight hundred and sixty two thousand three hundred and seventy Units of Account (UA26,862,70) shall be derived from external resources.

Article 4

2013 Budget estimates for other ECOWAS Obligations shall be derived from the following sources:
1.Budget estimates for Statutory Obligations in the amount Seven million eight hundred and seventy-seven thousand, five hundred and eighty eight Units of Accounts (UA7,877,588) shall be derived from resources of the Community Levy.
2.Budget estimates for Intervention in Member States in the amount of Twenty five million, four hundred and two thousand, three hundred and forty seven Units of Account (UA25,402,347) shall be derived from resources of the Community Levy.
3.Budget estimates for Peace and Security related Interventions shall be derived from the following sources:
a)An amount of fifty nine million, nine hundred and sixty two thousand, two hundred and ninety five Units of account (UA 59,962,295) shall be derived from resources obtained from the Community Levy;
b)An amount of two hundred and ten million, four hundred and twenty four thousand, two hundred and eighty five Units of Account (UA210,424,285) shall be derived from arrears of Community Levy Proceeds

Article 5

Member States shall pay their Community Levy arrears in order to provide funding for the Peace and Security activities of the Community.

Article 6

The breakdown and sources of budget allocations made to individual ECOWAS Institutions is attached as an annex to this Regulation.

Article 7

This Regulation shall be published by the ECOWAS Commission in the Official Journal of the Community within thirty (30) days of its signature by the Chairman of the Council of Ministers. It shall equally be published in the Official Gazette of each Member State within thirty (30) days upon notification by the Commission.
Done at Abidjan, this 2nd day of December 2012H.E. Charles Koffi DibyFor CouncilThe Chairman
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