The resulting unencumbered balance of 2,678,700 gross ( 2,080,500 net) reflects a budget implementation rate of 93.5 per cent.

Notwithstanding the Mission's high budget implementation rate, the resources saved should be maintained in the budget on the condition that they were reallocated and redirected at providing services of a substantial nature.

Despite an almost 100 per cent budget implementation rate, large amounts of prior period obligations that had been included in the performance reports as expenditures had been subsequently cancelled.

Against a total appropriation of 641 million, the Mission had incurred expenditures of 636.5 million, resulting in an unencumbered balance of 4.5 million and a budget implementation rate of 99.3 per cent.

This post is requested to enhance the budget monitoring and implementation capacity of the Budget Unit.

The reallocation of resources during budget implementation was exceptional.

A direct effect of the higher interest rate would be to increase the budget deficit and the rate of growth of government debt.

Georgia s 12 flat rate income tax probably the lowest in the world has boosted the national budget.

As a result of these developments, the overall rate of disbursement against the approved Mission budget dropped.

The lower implementation rate during 2004 was attributable to a combination of factors.

The resources approved for the period from 1 July 2003 to 30 June 2004 were 112,075,800, from which expenditures amounted to 111,201,000, resulting in an unencumbered balance of 874,800, which represents a budget implementation rate of 99.2 per cent.

Spain, with its 20 unemployment rate and exploding budget deficit, sees in Greece an image of its own future.

In other words, France uses African reserves to finance part of its budget deficit at a concessional interest rate.

The US should cut its budget deficit, increase its saving rate, and generally get its own house in order.

The reduced requirements were due mainly to an overall actual vacancy rate of 18.2 per cent experienced for international staff, compared with an 8 per cent vacancy rate in the budget.

Chart 3 shows the rate of implementation of critical recommendations issued since 1 July 2000.

China s GDP is three times that of India s, its growth rate is higher, and its defense budget has been increasing.

The rate for Hamburg was 262 or 211 in March 2004 when the budget proposals for 2005 2006 were prepared.

1.48 The budget covers the total financial requirements for implementation of the Agency's regular programme.

1. Expresses concern at the low implementation rate of the projects undertaken through the Development Account

The rate of property law implementation, a vital pre condition for return, has continued to climb.

This would not create a budget deficit for rich countries. Recipient countries would have to pay the IMF a very low interest rate the composite average treasury bill rate of all convertible currencies.

27. Requests the Secretary General, in future budget submissions, to propose measures to offset budget increases, wherever possible, without undermining the implementation of mandated programmes and activities

The risk, however, is that reporting could be limited to the 10 indicators that have the best rate of implementation, giving biased information on programme implementation.

The United Nations Interim Administration Mission in Kosovo (UNMIK) (A 59 623 and Corr.1 and A 59 633) had achieved a 99.99 per cent budget implementation rate, having utilized all but 9,000 of its appropriation of 315.52 million for the period 2003 2004.

Options for dealing with exchange rate fluctuations Following the COP request to protect the budget from adverse effects of exchange rate fluctuations, the secretariat has consulted other international organizations on measures taken to that end.

Notes that implementation of the budget and additional priority programmes is subject to the availability of funding.

In the first year of the preceding biennium (2002), an implementation rate of 90.1 per cent was recorded.

As a result, the country s household savings rate will decrease dramatically, making it increasingly difficult for the private sector to finance budget deficits.

Up to 2003, there were 38 gender responsive development sector programs. The budget for the implementation of such programs constitutes an integral part of the respective ministry's annual budget.

7. Also requests the Secretary General to make every effort to reduce the vacancy rate and improve staff retention at the Tribunal, including by extending contracts of staff performing functions that are central to the implementation of the completion strategy beyond the period of the current budget

7. Also requests the Secretary General to make every effort to reduce the vacancy rate and improve staff retention at the Tribunal, including through extending contracts of staff performing functions that are central to the implementation of the completion strategy beyond the period of the current budget

Programme and budget plans, implementation experience and available resources provide the basis for the yearly phasing of expenditures.

Particularly important is the ability to report actual expenditures on a monthly basis a proxy for programme implementation rate.

In addition, the Assembly requested the Secretary General to make every effort to reduce the vacancy rate and improve staff retention at the Tribunals, including by extending contracts of staff performing functions that are central to the implementation of the completion strategy beyond the period of the current budget.

Assuming a flat rate of national contributions to the federal budget, Greece, for example, would shed 2 3 precious percentage points from its public deficit.

The management and monitoring of the UN Habitat regular budget resources showed a utilization rate of 89 per cent of the approved allotment in 2004.

It also took note of the additional clarifications provided by the secretariat on the impact of the exchange rate on the programme budget 2004 2005.

The cost estimates for international staff for the 2005 06 period are based on a vacancy rate of 6 per cent, whereas a vacancy delayed deployment rate of 10 per cent had been used for the preparation of the previous budget.

In the third option, although the accounts must be kept in United States dollars, the budget could be prepared in both United States dollars and euros at the rate of exchange prevailing at the time of preparation of the budget.

Although the capital stock will benefit from a higher household saving rate, the increase will be offset by more government dissaving as budget deficits remain high.

Fifth, the higher the unemployment rate goes, the wider budget deficits will become, as automatic stabilizers reduce revenue and increase spending (for example, on unemployment benefits).

However, the exchange rate situation continues to be difficult and presented the greatest challenges in the preparation of the proposed programme budget for the next biennium.

It supported the ACABQ recommendation concerning the re evaluation of the budget, and agreed with its comments on the post vacancy rate of and job reclassification.

Such a move would deter excessive investment in productive capacity, and ease the implementation of a more flexible exchange rate regime.