FICT Budget
The FICT Budget, officially Program-Budget of the Forum for International Cooperation and Trade is the yearly budget of FICT and is adopted by the Council.
All amounts are in US dollars.
2013 Program Budget and budgeting system V2
Proposal in the FICT Council Meeting of June 26-28, 2012. Accepted.
The contribution of each Member State is 0.1% of the GDP of the previous year.
- 80% of the budget is addressed to FSIB (formerly FESD)
- 20% of the budget is addressed for administrative costs, personnel, housing and FICT organs.
In 2014 the aforementioned system was modified into a more flexible system with a fixed maximum annual amount of money reserved to FSIB that is to be reviewed after five years. In this system, only the amount that has been spent by FSIB will have to be replenished by the member states, so FSIB won't receive a fixed amount of money each year 'no matter what', but only the difference between the amount that FSIB hasn't spent at the end of a year and the maximum amount that was determined by the General Assembly. If, after five years, it turns out that this amount is too high or too low, it can be altered. As FSIB gets back loaned money (which therefore doesn't have to be replenished by the member states), this may be a much cheaper option for the member states.
2013 Program Budget and budgeting system
Final proposal in the FICT Council Meeting of April 4, 2012. Not accepted.
Budgeting system
- All costs of FICT - with the exception of those subject to special arrangements - are divided by ratio of weighted GDP, where weight is linearly increasing with GDP/capita such that a country with a GDP/capita of $50.000 has a weight of 2 and a country with a GDP/capita of $5.000 has a weight of 1.
- There is a contribution floor (minimum) at 5% of the average contribution; there is a contribution ceiling (maximum) at 400% of the average contribution.
- Countries' minimal own FISI contributions are corrected for price differences.
- There is a support fund for the smallest economies in FICT. The upper limit (threshold) for eligibility is 2000 times the uncorrected own FISI contribution. The FSF subsidy factor is quadratically inversely related to GDP. (This means that GDP is subtracted from the upper limit (threshold), then squared, and then divided by the square of the upper limit.) The FSF subsidy is the subsidy factor times corrected minimal own contribution to FISI.
2013 Program Budget
Adzhatia | Chimor | Dhram Phá | Harrawi | Kaupelan | Khusqaikama | Tarmorya | Yukland | Yutyrama | ||
Office | 980,000 | |||||||||
admin. supp. | 550,000 | |||||||||
language supp. | 450,000 | |||||||||
total | 1,980,000 | 72,745 | 595,827 | 20,004 | 121,371 | 673,627 | 225,229 | 83,159 | 175,511 | 12,527 |
Council | ||||||||||
hotel etc. | 900,000 | |||||||||
security etc. | 1,000,000 | |||||||||
admin. supp. | 230,000 | |||||||||
language supp. | 300,000 | |||||||||
total | 2,430,000 | 89,278 | 731,242 | 24,550 | 148,956 | 826,724 | 276,418 | 102,059 | 215,400 | 15,374 |
FFSC | 25,000,000 | 918,497 | 7,523,070 | 252,570 | 1,532,466 | 8,505,388 | 2,843,807 | 1,049,988 | 2,216,048 | 158,167 |
FISI | 37,150,000 | 1,364,886 | 11,179,282 | 375,318 | 2,277,244 | 12,639,006 | 4,225,897 | 1,560,282 | 3,293,047 | 235,037 |
FIAS | 4,050,000 | 148,796 | 1,218,737 | 40,916 | 248,259 | 1,377,873 | 460,697 | 170,098 | 359,000 | 25,623 |
FIAS s.c. | 6,650,000 | 6,650,000 | ||||||||
FACET | 2,000,000 | 73,480 | 601,846 | 20,206 | 122,597 | 680,431 | 227,505 | 83,999 | 177,284 | 12,653 |
FSPF | 1,000,000 | 36,740 | 300,923 | 10,103 | 61,299 | 340,216 | 113,752 | 42,000 | 88,642 | 6,327 |
FSF | 6,905,086 | 253,692 | 2,077,898 | 69,761 | 423,272 | 2,349,217 | 785,469 | 290,010 | 612,080 | 43,686 |
total contr. | 87,165,086 | 2,958,114 | 24,228,826 | 813,426 | 4,935,465 | 27,392,481 | 15,808,773 | 3,381,594 | 7,137,012 | 509,394 |
FSF subs. | 836,837 | 2,410,940 | 589 | 232,069 | 3,424,651 | |||||
FISI subs. | 4,100,000 | 4,100,000 | 4,100,000 | 4,100,000 | 4,100,000 | 4,100,000 | 4,100,000 | 4,100,000 | 4,100,000 | |
net total | -1,978,723 | 20,128,826 | -5,697,513 | 834,876 | 23,292,481 | 11,708,773 | -950,475 | 3,037,012 | -7,015,257 | |
price corr. | 100% | 80% | 70% | 75% | 85% | 100% | 73% | 100% | 83% | |
FISI own | 5,300,000 | 4,240,000 | 3,710,000 | 3,975,000 | 4,505,000 | 5,300,000 | 3,842,500 | 5,300,000 | 4,372,500 | |
minus FSF | 4,463,163 | n/a | 1,299,060 | 3,974,411 | n/a | n/a | 3,610,431 | n/a | 947,849 |
abbreviations and explanations:
- admin. supp. : administrative support
- language supp. : language support (translation and interpreting)
- FFSC : FICT Fund for Scientific Cooperation
- FISI : FICT Institutes of Society and Industry
- FIAS : FICT Institute for Advanced Studies
- FIAS s.c. : Agreed upon special contributions towards the costs of FIAS.
- FACET : FICT Agency for Cultural Exchange and Tourism
- FSPF : FICT Special Projects Fund
- FSF : FICT Support Fund
- total contr. : total contribution
- FSF subs. : FSF subsidy
- FISI subs. : FISI subsidy
- net total : the net total of what a country pays to or gets from FICT. (5 countries are net payers, 4 are net receivers.)
- price corr. : price correction factor for minimal own FISI contribution
- FISI own : minimal own FISI contribution. Note that corrections over 100% are ignored.
- minus FSF : minimal own FISI contribution minus FSF subsidy. Hence, this is the part of FISI that a country still has to pay itself.
2012 Program Budget
Final proposal in the FICT Council Meeting of April 4, 2012. Not accepted.
(Applying the same budgeting system as for 2013 and onwards. See above.)
total | Adzhatia | Chimor | Dhram Phá | Harrawi | Kaupelan | Khusqaikama | Tarmorya | Yukland | Yutyrama | |
office | 980,000 | |||||||||
adm. support | 550,000 | |||||||||
lang. support | 450,000 | |||||||||
total | 1,980,000 | 72,745 | 595,827 | 20,004 | 121,371 | 673,627 | 225,229 | 83,159 | 175,511 | 12,527 |
council | ||||||||||
hotel etc | 900,000 | |||||||||
security etc | 1,000,000 | |||||||||
adm. support | 230,000 | |||||||||
lang. support | 300,000 | |||||||||
total | 2,430,000 | 89,278 | 731,242 | 24,550 | 148,956 | 826,724 | 276,418 | 102,059 | 215,400 | 15,374 |
FFSC | 15,000,000 | 991,977 | 8,124,916 | 272,775 | 1,655,063 | 9,185,819 | 3,071,311 | 1,133,987 | 2,393,332 | 170,821 |
FISI | 27,000,000 | 1,024,563 | 9,302,547 | 329,599 | 1,679,430 | 8,751,130 | 2,689,238 | 1,282,308 | 1,745,671 | 195,514 |
FIAS | 2,000,000 | 73,480 | 601,846 | 20,206 | 122,597 | 680,431 | 227,505 | 83,999 | 177,284 | 12,653 |
FACET | 2,000,000 | 73,480 | 601,846 | 20,206 | 122,597 | 680,431 | 227,505 | 83,999 | 177,284 | 12,653 |
FSPF | 4,000,000 | 146,959 | 1,203,691 | 40,411 | 245,195 | 1,360,862 | 455,009 | 167,998 | 354,568 | 25,307 |
total | 54,410,000 | 1,999,017 | 16,373,210 | 549,692 | 3,335,259 | 18,511,126 | 6,189,261 | 2,285,193 | 4,823,007 | 344,235 |
FISI subsidy | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | |
net total | -1,000,983 | 13,373,210 | -2,450,308 | 335,259 | 15,511,126 | 3,189,261 | -714,807 | 1,823,007 | -2,655,765 |
abbreviations:
- adm. support : administrative support
- lang. support : language support (translation and interpreting)
- FFSC : FICT Fund for Scientific Cooperation
- FISI : FICT Institutes of Society and Industry
- FIAS : FICT Institute for Advanced Studies
- FACET : FICT Agency for Cultural Exchange and Tourism
- FSPF : FICT Special Projects Fund
explanatory notes:
- Most budgets are just starting budgets assuming that full operation will only start in 2013. In case of FISI, there is a start-up budget of 3 mln per country; the start-up budget of FIAS is 2 mln.
- To give FSPF some content, 4 mln will be put in that fund in 2012, followed by 1 mln yearly from 2013 onwards.
- See further the proposal for the 2013 budget and budgeting system above.