RESTRICTED
GENERAL AGREEMENT PC/W/8
W.50/11
ONTARIFFS AND TRADE 16November 1994
Limited Distribution
WORLD TRADE ORGANIZATION
(94-2450)
REPORT OFTHE COMMITTEE ONBUDGET, FINANCE
AND ADMINISTRATION
CONTENTS
Page
INTRODUCTION 1
A. GATT SECRETARIAT
I. BUDGET ESTIMATES FOR 1995 3
II. REVISED INCOME BUDGET ESTIMATES FOR 1995 4
III. CONCLUSION 4
DRAFT RESOLUTION ONTHE REVISED EXPENDITURE OFTHE
CONTRACTING/MEMBERS PARTIES IN1995 AND THE WAYS
AND MEANS TOMEET SUCH EXPENDITURE 5
SCHEDULE I - REVISED ESTIMATES OFEXPENDITURE
FOR THE FINANCIAL YEAR 1995 6
SCHEDULE II - REVISED SCALE OFCONTRIBUTIONS
FOR 1995 7
SCHEDULE III - REVISED ESTIMATES OF
MISCELLANEOUS INCOME FOR 1995 10
ANNEX I:PROCEDURES FOR THE WTO BUDGET, FINANCE
AND ADMINISTRATION COMMITTEE AND THE GATT 1947
BUDGET, FINANCE AND ADMINISTRATION COMMITTEE 11
B. INTERNATIONAL TRADE CENTRE UNCTAD/GATT
I. SECOND PERFORMANCE REPORT FOR THE BIENNIUM 1992-1993 13
II. BUDGET FOR THE BIENNIUM 1994-1995 13
C. ACCESSION OFSLOVENIA 14PC/W/8
W.50/11
Page2
INTRODUCTION
1. TheCommittee onBudget, Finance andAdministration metattheCentre William Rappard,
Geneva, on24and31October and8and16November 1994.
2. TheCommittee waschaired byMr.P.Gosselin ofCanada andthemembership wasas
follows:
Australia Hungary Nigeria
Brazil India Singapore
Canada Israel Spain
Chile Italy Switzerland
Colombia Jamaica United Kingdom
Finland Japan United States
France Korea, Rep.of Venezuela
Germany, Fed.Rep. Malaysia Zaire
Hong Kong Netherlands
3. (a) Asmembers oftheWorking Group toconsider the1995 proposals, Argentina,
Bangladesh, Belgium, Denmark, European Commission, Egypt, Mauritius, Mexico, Sweden,
Tanzania, Thailand andTurkey were invited toattend themeetings.
(b) Belgium, Denmark, Egypt, European Commission, Mauritius, Tanzania andTurkey
attended asObservers.
(c) Themeeting of31October 1994 wasalsoattended bymembers oftheSecretariat of
theInternational Trade Centre (UNCTAD/GATT).
4. Attention wasdrawn todocument L/5964/Rev.8 outlining theterms ofreference andthe
membership oftheCommittee.
5. TheAgenda indocument GATT/AIR/3640 wasadopted, withtheaddition ofthree items
under Other Business, (i)Measures toDealwithArrears, (ii)Proposal forMerging GATT andWTO
Budget Process, and(iii)Assessment onSlovenia.
6. Thisreport deals exclusively withissues related tothe1995 budget, including ^procedures
fortheGATT andWTO Budget Process, theInternational Trade Centre UNCTAD/GATT andthe
accession ofSlovenia. Asubsequent report willdealwiththeother outstanding points.PC/W/8
W.50/11
Page3
A.GATT SECRETARIAT
I.BUDGET ESTIMATES FOR 1995 (L/7550)
7. TheSecretariat presented thebudget estimates for1995 (L/7550) andexplained that,inview
ofthemove intotheWorld Trade Organization, thepresentation hadbeenchanged from thepast
arrangement whereby theestimates were splitbetween theGATT Regular, Uruguay Round and
TPRM headings. Theestimates for1995 were presented under twomajor headings: (i)theCore
Budget and(ii)Extraordinary Provisions. Initial assessments ofcontributions would bemade only
ontheCore Budget. Theitems under theExtraordinary Provisions would besubject tofurther
discussion inthelightof,interalia,theresults ofthemanagement review. They werenevertheless
included intheproposal document inorder toprovide anindication ofthetotalorder offunds that
might berequired from contracting parties/members inrespect ofSecretariat expenditure in1995.
8. TheCore Budget estimates amounted toSwF108,955,500, which was18.8percentover
the1994 NetBudget ofSwF91,681,000. Ofthisamount, SwF7,577,000 (8.2percent) related
tostatutory andunavoidable increases andSwF9,697,500 (10.6 percent) covered other increases
for1995.
9. After discussion, theCommittee agreed thattheestimate fortheStanding Appellate Body
should beunder theCore Budget rather thantheExtraordinary Provisions, given thecommitment to
establish thisbody ontheestablishment oftheWorld Trade Organization. Pending afinaldecision
onthecomposition oftheStanding Appellate Body intheSub-Committee onInstitutional, Procedural
andLegal Matters ofthePreparatory Committee fortheWorld Trade Organization, itwasagreed that
theCore Budget should include aprovisional estimate ofSwF1,700,000 which could berevised if
necessary.
10. TheCommittee examined theCore Budget proposals onasection bysection basis and
requested further information, particularly withregard tomissions, overtime, public information
activities, electronic dataprocessing andthereproduction ofdocuments. TheCommittee heard
detailed explanations from theDirector oftheInformation andMedia Relations Division andthe
Director oftheStatistics andInformation Systems Division withregard totheproposals relating to
theirdivisions. Inaddition, theSecretariat prepared various supplementary information papers.
11. After further discussions, theSecretariat revised theCoreBudget estimates andtheCommittee
agreed toanamount ofSwF103,689,500 towhich SwF1,700,000 should beadded fortheStanding
Appellate Body, totalling SwF105,389,500.
12. Itwasagreed thatacceptance ofthe1995 budget estimates ascontained inSchedule Iwould
notprejudice thecurrent negotiations ontheWTO Headquarters Agreement.
13. Inthecontext oftheacceptance ofthe1995 budget estimates, theCommittee agreed on
procedures fortheWTO Budget, Finance andAdministration Committee andtheGATT 1947Budget,
Finance andAdministration Committee ascontained inAnnex I.PC/W/8
W.50/11
Page4
II.REVISED INCOME BUDGET ESTIMATES FOR 1995
14. TheCommittee agreed thatthebudget for1995 befinanced asfollows:
SwF
a. Revised contributions oncontracting parties/members 104,400,000
b. Revised estimates ofmiscellaneous income 989,500
105,389,500
III.CONCLUSION
15. TheCommittee submits totheCONTRACTING PARTIES andtothePreparatory Committee
fortheWorld Trade Organization, forconsideration andapproval thefollowing draftresolution on
theexpenditure oftheCONTRACTING PARTIES andtheMembers oftheWorld Trade Organization
andtheways andmeans tomeet suchexpenditure, aswellastheRecommendation contained in
paragraph 7ofAnnex I.
POINT FOR DECISION: Paragraph 15PC/W/8
W.50/11
Page5
DRAFT RESOLUTION ONTHE REVISED EXPENDITURE OFTHE
CONTRACTING PARTIES/MEMBERS IN1995 AND THE WAYS AND MEANS
TOMEET SUCH EXPENDITURE
TheCONTRACTING PARTIES,
and
ThePreparatory Committee fortheWorld Trade Organization,
HAVING CONSIDERED
theestimates ofexpenditure oftheCONTRACTING PARTIES/MEMBERS for1995
amounting toSwF105,389,500 assetforth inschedules annexed tothisResolution,
RESOLVE that
1. Thefinancing oftheamount ofSwF105,389,500 referred toabove shallbeasfollows:
(a) bycontributions from contracting parties/members inthe amount of
104,400,000 Swiss francs;
(b) bymiscellaneous income estimated at989,500 Swiss francs.
2. The1947 GATT CONTRACTING PARTIES andtheWTO shall receive areport onthe
status ofbudgetary expenditure during thefinancial year1995.
3. Thecontributions ofthecontracting parties/members shallbeassessed inaccordance withthe
attached scale ofcontributions. Contributions from contracting parties/members inrespect
ofthe1995 budget areconsidered asdueandpayable infullasat1January 1995.PC/W/8
W.50/11
Page6
SCHEDULE I
REVISED ESTIMATES OFEXPENDITURE FOR THE FINANCIAL YEAR 1995
(inSwiss Francs)
PART SECTIONORIGINAL CORE
BUDGET ESTIMATES
1995 (L/7550)(DECREASES)REVISED
ESTIMATES
A.Professional 1)Work/Years
Salary 27,468,000 0 27,468,000
Pensions 4,213,000 0 4,213,000
Other Common Staff Costs 3,425,000 0 3,425,000
2)Temporary Assistance 6,587,500 (940,000) 5,647,500
B.General Service 3)Work/Years
Salary 21,989,000 0 21,989,000
Pensions 5,100,000 0 5,100,000
Other Common Staff Costs 2,821,000 0 2,821,000
4)Temporary Assistance 2,547,000 (240,000) 2,307,000
C.Administrative
Costs5)Communications
Telecommunications 838,000 0 838,000
Postal Charges 667,000 0 667,000
6)Building Facilities
Rental 423,000 0 423,000
Utilities 1,325,000 0 1,325,000
Maintenance and Insurance 612,000 0 612,000
7)Permanent Equipment 2,262,500 102,000 2,364,500
8)Expendable Equipment 1,108,000 52,000 1,160,000
9)Contractual Services
Reproduction 1,799,000 (1,207,000) 592,000
Office Automation /Informatics 1,789,000 0 1,789,000
Other 330,000 (50,000) 280,000
D.Other Costs 10)Staff Overhead Costs
Training 417,000 (180,000) 237,000
Insurance 584,500 0 584,500
UNand Other Bodies 499,000 0 499,000
Miscellaneous 53,000 0 53,000
11)Missions
Official 1,008,000 (112,000) 896,000
Technical Co-operation 732,000 (88,000) 644,000
12)Trade Policy Training Courses 1,456,000 (200,000) 1,256,000
13)Grants toITC 14,660,000 (1,232,000) 13,428,000
14)Various
Hospitality 229,000 0 229,000
Panels 300,000 0 300,000
Library 478,000 (50,000) 428,000
Publications 875,000 (155,000) 720,000
Public Information Activities 708,000 (308,000) 400,000
External Auditors 23,000 0 23,000
Ministerial Meeting 0 0 0
Other 15,000 0 15,000
15)Unforeseen Expenditure 500,000 (200,000) 300,000
16) Restitution ofPrevious Year 'sDeficit 0 0 0
17) CWR South Wing 1,114,000 (458,000) 656,000
SUB-TOTAL 108,955,500 (5,266,000) 103,689,500
Standing Appellate Body 1,150,000 550,000 1,700,000
TOTAL 110,105,500 (4,716,000) 105,389,500PC/W/8
W.50/11
Page7
SCHEDULE II
REVISED SCALE OFCONTRIBUTIONS FOR 1995
(Minimum contribution of0.03%)
CONTRACTING PARTIES/
MEMBERS1994
CONTRIBUTION1995
CONTRIBUTIONINTEREST
EARNED1
SwF1995 NET
CONTRIBUTION
SwFSwF % SwF
Angola 74,320 0.07 73,080 - 73,080
Antigua and Barbuda 27,870 0.03 31,320 - 31,320
Argentina 306,570 0.32 334,080 - 334,080
Australia 1,198,410 1.29 1,346,760 (17,894) 1,328,866
Austria 1,337,760 1.40 1,461,600 (17,204) 1,444,396
Bahrain 102,190 0.11 114,840 - 114,840
Bangladesh 74,320 0.09 93,960 - 93,960
Barbados 27,870 0.03 31,320 (119) 31,201
Belgium 3,177,180 3.31 3,455,640 (36,040) 3,419,600
Belize 27,870 0.03 31,320 - 31,320
Benin 27,870 0.03 31,320 (19) 31,301
Bolivia 27,870 0.03 31,320 - 31,320
Botswana 55,740 0.05 52,200 - 52,200
Brazil 798,940 0.89 929,160 (1,395) 927,765
Brunei Darussalam 46,450 0.05 52,200 - 52,200
Burkina Faso 27,870 0.03 31,320 - 31,320
Burundi 27,870 0.03 31,320 - 31,320
Cameroon 46,450 0.05 52,200 - 52,200
Canada 3,650,970 3.97 4,144,680 (55,599) 4,089,081
Central African Republic 27,870 0.03 31,320 - 31,320
Chad 27,870 0.03 31,320 - 31,320
Chile 250,830 0.29 302,760 (4) 302,756
Colombia 176,510 0.19 198,360 (2,429) 195,931
Congo 37,160 0.03 31,320 - 31,320
Costa Rica 55,740 0.06 62,640 - 62,640
Côted'Ivoire 74,320 0.08 83,520 - 83,520
Cuba 157,930 0.16 167,040 - 167,040
Cyprus 55,740 0.06 62,640 (580) 62,060
Czech Republic 241,540 0.30 313,200 (2,883) 310,317
Denmark 1,021,900 1.06 1,106,640 (14,176) 1,092,464
Dominica 27,870 0.03 31,320 - 31,320
Dominican Republic 37,160 0.04 41,760 - 41,760
Egypt 157,930 0.17 177,480 (773) 176,707
ElSalvador 27,870 0.03 31,320 (46) 31,274
Fiji 27,870 0.03 31,320 - 31,320
Finland 687,460 0.65 678,600 (9,522) 669,078
France 6,670,220 6.78 7,078,320 (82,744) 6,995,576
Gabon 37,160 0.04 41,760 - 41,760
Gambia 27,870 0.03 31,320 - 31,320
Germany 11,482,440 11.48 11,985,120 (112,806) 11,872,314
Ghana 27,870 0.03 31,320 - 31,320
Greece 436,630 0.45 469,800 (3,419) 466,381PC/W/8
W.50/11
Page8
CONTRACTING PARTIES/
MEMBERS1994
CONTRIBUTION1995
CONTRIBUTIONINTEREST
EARNED1
SwF1995 NET
CONTRIBUTION
SwFSwF % SwF
Grenada 27,870 0.03 31,320 - 31,320
Guatemala 46,450 0.05 52,200 - 52,200
Guinea-Bissau 27,870 0.03 31,320 - 31,320
Guyana 27,870 0.03 31,320 (407) 30,913
Haiti 27,870 0.03 31,320 - 31,320
Honduras 20,234 0.03 31,320 - 31,320
Hong Kong 2,889,190 3.56 3,716,640 (37,654) 3,678,986
Hungary 287,990 0.31 323,640 (4,067) 319,573
Iceland 46,450 0.05 52,200 (658) 51,542
India 585,270 0.62 647,280 (3,509) 643,771
Indonesia 761,780 0.82 856,080 (10,246) 845,834
Ireland 668,880 0.70 730,800 (9,430) 721,370
Israel 408,760 0.50 522,000 (1,968) 520,032
Italy 5,109,500 5.33 5,564,520 (55,410) 5,509,110
Jamaica 37,160 0.04 41,760 - 41,760
Japan 7,859,340 8.61 8,988,840 (68,417) 8,920,423
Kenya 46,450 0.04 41,760 - 41,760
Korea, Republic of 2,127,410 2.38 2,484,720 (13,094) 2,471,626
Kuwait 148,640 0.18 187,920 - 187,920
Lesotho 27,870 0.03 31,320 (161) 31,159
Liechtenstein 21,151 0.03 31,320 - 31,320
Luxembourg 278,700 0.29 302,760 (3,784) 298,976
Macao 46,450 0.05 52,200 (600) 51,600
Madagascar 27,870 0.03 31,320 - 31,320
Malawi 27,870 0.03 31,320 (81) 31,239
Malaysia 1,003,320 1.22 1,273,680 (4,696) 1,268,984
Maldives 27,870 0.03 31,320 (234) 31,086
Mali 27,870 0.03 31,320 - 31,320
Malta 46,450 0.05 52,200 (548) 51,652
Mauritania 27,870 0.03 31,320 - 31,320
Mauritius 37,160 0.04 41,760 (494) 41,266
Mexico 947,580 1.10 1,148,400 (4,308) 1,144,092
Morocco 157,930 0.16 167,040 (158) 166,882
Mozambique 27,870 0.03 31,320 - 31,320
Myanmar, Union of 27,870 0.03 31,320 (312) 31,008
Namibia 27,870 0.04 41,760 (64) 41,696
Netherlands 3,818,190 3.94 4,113,360 (48,299) 4,065,061
New Zealand 269,410 0.28 292,320 (4,050) 288,270
Nicaragua 27,870 0.03 31,320 - 31,320
Niger 27,870 0.03 31,320 - 31,320
Nigeria 287,990 0.30 313,200 - 313,200
Norway 863,970 0.88 918,720 (12,823) 905,897
Pakistan 213,670 0.24 250,560 (245) 250,315
Paraguay 27,412 0.03 31,320 - 31,320
Peru 111,480 0.12 125,280 (1,362) 123,918
Philippines 325,150 0.38 396,720 (1,733) 394,987
Poland 390,180 0.46 480,240 (5,616) 474,624
Portugal 631,720 0.65 678,600 (1,424) 677,176PC/W/8
W.50/11
Page9
CONTRACTING PARTIES/
MEMBERS1994
CONTRIBUTION1995
CONTRIBUTIONINTEREST
EARNED1
SwF1995 NET
CONTRIBUTION
SwFSwF % SwF
Qatar 74,320 0.07 73,080 - 73,080
Romania 167,220 0.16 167,040 (15) 167,025
Rwanda 27,870 0.03 31,320 - 31,320
St.Kitts &Nevis 27,870 0.03 31,320 - 31,320
Saint Lucia 27,870 0.03 31,320 - 31,320
St.Vincent &theGrenadines 27,870 0.03 31,320 - 31,320
Senegal 27,870 0.03 31,320 - 31,320
Sierra Leone 27,870 0.03 31,320 - 31,320
Singapore 1,198,410 1.38 1,440,720 (10,405) 1,430,315
Slovak Republic 120,770 0.13 135,720 (1,213) 134,507
Slovenia 0.14 146,160 - 146,160
South Africa 538,820 0.52 542,880 (6,558) 536,322
Spain 2,192,440 2.30 2,401,200 (19,772) 2,381,428
SriLanka 74,320 0.09 93,960 (151) 93,809
Suriname 27,870 0.03 31,320 - 31,320
Swaziland 27,870 0.03 31,320 (216) 31,104
Sweden 1,542,140 1.51 1,576,440 (22,056) 1,554,384
Switzerland 1,855,429 1.80 1,879,200 (26,911) 1,852,289
Tanzania 27,870 0.03 31,320 (68) 31,252
Thailand 929,000 1.10 1,148,400 (10,031) 1,138,369
Togo 27,870 0.03 31,320 - 31,320
Trinidad and Tobago 46,450 0.05 52,200 - 52,200
Tunisia 139,350 0.15 156,600 (1,355) 155,245
Turkey 510,950 0.53 553,320 - 553,320
Uganda 27,870 0.03 31,320 - 31,320
United Arab Emirates 445,920 0.57 595,080 - 595,080
United Kingdom ofGreat
Britain &Northern Ireland 5,806,250 5.93 6,190,920 (68,889) 6,122,031
United States ofAmerica 13,554,110 14.93 15,586,920 (29,433) 15,557,487
Uruguay 46,450 0.05 52,200 - 52,200
Venezuela 371,600 0.39 407,160 - 407,160
Zaire 27,870 0.03 31,320 - 31,320
Zambia 27,870 0.03 31,320 - 31,320
Zimbabwe 46,450 0.05 52,200 (639) 51,561
93,802,326 100.00 104,400,000 (851,216) 103,548,784
European Communities
Yugoslavia
1Interest earned in1993 under theEarly Payment Encouragement Scheme (L/6384) andto
bededucted from 1995 contribution.PC/W/8
W.50/11
Page10
SCHEDULE III
REVISED ESTIMATES OFMISCELLANEOUS INCOME FOR 1995
(inSwiss francs)
Sale ofpublications 500,000
Profit or(loss) onexchange 47,000
Savings onprevious year'soutstanding obligation 95,000
Refund ofstaff costs forstaff employed atCentre William
Rappard onbehalf ofUNHCR -
Overhead onTrust Funds 20,500
Rental ofmeeting rooms andoffice space atCentre
William Rappard toothers 22,000
Contributions ofObservers 150,000
Other:
-Interest onCurrent Account 75,000
-Various 80,000
TOTAL 989,500PC/W/8
W.50/11
Page11
ANNEX I
Procedures fortheWTO Budget, Finance andAdministration Committee
andtheGATT 1947 Budget, Finance andAdministration Committee
Background
1. Byagreement inthePreparatory Committee Sub-Committee onBudget, Finance and
Administration, the1995 Estimates fortheWTO arebeing considered byaWorking Group based
ontheGATT Budget, Finance andAdministration Committee, which willmake recommendations to
thePreparatory Committee viatheSub-Committee onBudget, Finance andAdministration, andto
theContracting Parties. ThePreparatory Committee, onbehalf oftheWTO, willtakedecisions on
thebudget, inparticular ontheassessment ofcontributions.
2. The1995Estimates arebeing considered onthepremise thattheWTO Secretariat willservice
allagreements, including theTokyo Round Agreements, andthussupport bothWTO Members and
GATT 1947 Contracting Parties, andthatthecostoftheSecretariat willbeapportioned between
Members andContracting Parties without regard forindividual status inrespect ofthevarious
agreements. Ithasbeen agreed that, for1995, assessments willfollow theexisting GATT
arrangements.
3. Itwillbenecessary forthe1994Session oftheCONTRACTING PARTIES formally toagree
thattheWTO Secretariat should alsoservice itsagreements andthatcontributions maybeassessed
asinparagraph 2above onContracting Parties notalsoWTO Members.
4. Asin1995 (andbeyond) there willbeparticipants whofallintodifferent categories (WTO
Member only; GATT 1947 Contracting Party only; both WTO Member andGATT 1947
Contracting Party), itisnecessary toconsider theadministrative arrangements forhandling issues
within theterms ofreference oftheWTO Committee onBudget, Finance andAdministration,
which are:
(i) toexamine anyquestions arising inconnection withtheaudited accounts, proposals
forthebudgets oftheWTO and[oftheInternational Trade Centre UNCTAD/WTO,
and]* thefinancing thereof;
(ii) tostudy anyfinancial andadministrative questions which maybereferred toitbythe
Ministerial Conference ortheGeneral Council, orsubmitted toitbytheDirector-
General, andundertake suchother studies asmaybeassigned toitbytheMinisterial
Conference ortheGeneral Council;
and, within theterms ofreference oftheGATT 1947 Committee onBudget, Finance and
Administration, which are:
(i) toexamine anyquestion arising inconnection withtheaudited accounts, proposals
forthebudgets oftheGATT andoftheInternational Trade Centre UNCTAD/GATT,
andthefinancing thereof;
(ii) tostudy anyfinancial andadministrative question which maybereferred toitbythe
Council orsubmitted toitbytheDirector-General, andundertake suchother studies
asmaybeassigned toitbytheCouncil.
______________
*The finalterms ofreference arestilltobedetermined.PC/W/8
W.50/11
Page12
Considerations
5. Forsome signatories totheFinal Actthereareprocedural problems which prevent ratification
by1January 1995, butmany arelikely tobecome Members during theyear. Itisalsorelevant that
theFinal Actremains open foracceptance foraperiod oftwoyears following itsentry intoforce.
AstheWTO Secretariat willprovide aservice notonly toMembers butalsotoGATT 1947
Contracting Parties, whowillbothbecontributing tothebudget onthesame basis, itisimportant that
thelatter havetherighttoparticipate inthebudget process. Asitisacommon budget andasthere
istobenoidentification ofseparate costs forparticular agreements, thisparticipation should be
unrestricted.
Recommendation
6. Therefore, given that:
- theWTO Secretariat willservice allagreements, through asingle budget;
- there istobeacommon assessment system withasingle payment fromeachMember
orGATT 1947 Contracting Party;
- there arepractical problems forsome participants inachieving ratification ofthe
WTO by1January 1995;
- theFinal Actwillremain openforacceptance foraperiod oftwoyears following its
entry intoforce;
- thatatdifferent times during thisperiod oftwoyears some participants willchange
theirstatus inrespect oftheWTO andGATT 1947;
itisrecommended that,during theperiod inwhich theFinal Actisopenforacceptance:
- theWTO Committee onBudget, Finance andAdministration andtheGATT 1947
Committee onBudget, Finance andAdministration willmeetinjointsession withthe
same Chairman andacommon agenda;
- members ofboth theGATT 1947 Committee andtheWTO Committee may
participate fullyonallagenda items;
- untilagreed otherwise, itshallbeunderstood thatmatters relating totheITCaredealt
withontheunderstanding thattheydonotpreempt thefinalposition oftheWTO in
respect oftheITC;
- thisarrangement shallbereconsidered before theendoftheperiod during which the
Final Actisopenforacceptance.PC/W/8
W.50/11
Page13
B.INTERNATIONAL TRADE CENTRE UNCTAD/GATT
I.SECOND PERFORMANCE REPORT FOR THE BIENNIUM 1992-1993
(ITC/BUD/16/Rev 1)
16. TheExecutive Director oftheITCintroduced document ITC/BUD/16/Rev 1concerning the
Second Performance Report ontheRegular Programme Budget fortheBiennium 1992-1993 and
explained thatittookintoaccount theactual expenditures incurred during thefirsttwenty-two months
ofthebiennium andindicated anestimate ofexpenditures fortheremaining twomonths of1993. The
document waspresented to,andapproved by,theFifthCommittee atthe48thSession oftheGeneral
Assembly inDecember 1993.
17. Thereport reflected anettotaldecrease oftheITC1992-1993 biennium budget ofsome
US$1.4million, therevised appropriation which isused forthepreparation ofthefinancial
statements. These statements forthebiennium asat31December 1993 showed abalance available
ofUS$197,048, representing anadditional reduction inthecontribution byITC'sparent bodies for
thisperiod. Thereport oftheBoard ofAuditors, which isnormally presented withthefinancial
statements, willbepresented totheCommittee induecourse.
18. TheCommittee tooknoteofthereport.
II.PROPOSED PROGRAMME BUDGET FOR THE BIENNIUM 1994-1995
19. TheExecutive Director oftheITCrecalled thattheCommittee hadreviewed inOctober 1993
theITC'sinitial estimates forthe1994-1995 biennium. Heexplained thattheproposed budget was
amaintenance budget, reflecting azero realgrowth. Itcalled forUS$40,574,100 ofwhich
US$609,700 would bemetfrommiscellaneous income. TheUnited Nations General Assembly had
approved itsshare forthebiennium, including aprovisional amount for1995, subject tothe
confirmation oftheGATT ofitscontribution for1995.
20. Inaccordance withtheinitial estimates forthe1994-1995 biennium, theGATT share of
expenditures for1995 amounted toUS$10,208,500, miscellaneous income having beenestimated
atUS$304,800. TheExecutive Director saidthat,asiscustomary, theinflation andexchange rates
applicable totheITCbudget would bereviewed when preparing theFirstPerformance Report.
21. TheCommittee recommends totheCONTRACTING PARTIES andtothePreparatory
Committee oftheWorld Trade Organization thattheGATT share oftheexpenditure forthe
International Trade Centre UNCTAD/GATT forthesecond yearofthebiennium 1994-1995 be
approved intheamount ofUS$10,208,500, miscellaneous income being estimated atUS$304,800.
Thetotal amount tobeprovided totheCentre from the1995 GATT/WTO budget represents
SwF13,428,000. Thecontribution willbepaidinSwiss francs intwelve equal monthly instalments.
POINT FOR DECISION: Paragraph 21PC/W/8
W.50/11
Page14
C.ACCESSION OFSLOVENIA
22. Consequent totheaccession oftheGovernment ofSlovenia totheGATT(document L/7555),
theCommittee recommends thataproratacontribution tothe1994budget amounting toSwF23,670
beassessed onthisGovernment. Thisassessment, calculated asfrom 30October 1994, isbased on
anannual contribution of0.15percent, taking intoaccount theforeign trade figures ofSlovenia for
theyears 1991-1993. Further, onthebasis ofthelevel oftheWorking Capital Fund of
SwF6,161,324 on30October 1994, theCommittee recommends toassess anamount of
SwF30,807 ontheGovernment ofSlovenia asanadvance totheFund.
POINT FOR DECISION: Paragraph 22