FICT Budget

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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:

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.