by Member States, resulting in the under implementation of approved programmes.

The European Union currently provides almost half of all the money spent to help developing countries.

(p) Surpluses due to Member States are funds available for credit to Member States arising from unencumbered balances of the appropriations and contributions from new Member States.

Movement in the balance of unexpended resources, 2004 and 2003

Under these circumstances, the Organization will continue to provide its services in a focused, prioritized and integrated manner in order to maximize value for money.

Provisional unencumbered balances due for distribution on 1 January 2006

A priority review during the budgetary term would enable the EU to adapt its annual budgets to changing circumstances and reallocate unspent money where it is needed most.

As of the end of 2004, the overall balance of unexpended resources was 2.7 billion.

The availability of the balance of unexpended resources depends on the degree of liquidity of the net assets held.

Other assets, net of liabilities, supplement investments to from the balance of unexpended resources.

These resources cover the unspent project budgets of 33.4 million for 2005 and future years.

The draft decision entitled Unencumbered balances of appropriations , as amended, was adopted for recommendation to the plenary.

This has been done after disposing of the unspent balances in the Fund according to the instructions from the donors.

At the current level of 171 million, that balance represents the equivalent of less than three months' expenditure for the organization.

UNENCUMBERED BALANCES OF APPROPRIATIONS, INCOME FROM NEW MEMBER STATES AND INTEREST INCOME IN EXCESS OF BUDGETARY ESTIMATES

But an increase in government outlays often means wasteful spending that produces less value than consumers would get from those same dollars.

Another major problem is the MFF s lack of flexibility. A priority review during the budgetary term would enable the EU to adapt its annual budgets to changing circumstances and reallocate unspent money where it is needed most.

It shall not have the power to borrow money.

1. Reiterates its condemnation of corruption, bribery, money laundering and the illegal transfer of funds

Financing through voluntary contributions and unencumbered balances did not reflect the principle of shared responsibility, nor did it constitute a secure way of funding.

After determining the level of unencumbered balances for the fiscal period, the amount actually received in cash becomes due for adjustment to Member States that have fully paid their contributions for the respective biennium, in proportion to their respective assessment rates.

The CHAIRPERSON invited the Committee to resume consideration of the draft decision entitled Unencumbered balances of appropriations , which had been introduced at the Committee's 2nd meeting.

Approved programmes

This total includes 221 million in programmes to be funded from UNICEF regular resources and 815 million for projects that the Board approved as worthy of support and that were financed by pledges of supplementary funds made in 2004. The total also includes 370 million for projects financed by pledges for emergency relief and rehabilitation.

Alternative informal remittance systems

Fund raising activities for non earmarked funds

Reimbursement is calculated as a percentage of programme resources expended.

Unexpended resources at the end of 2004 totalled 48 million, including an operational reserve of 22.6 million.

In the real world, 90 of the money spent on medical research is focused on conditions that are responsible for just 10 of the deaths and disability caused by diseases globally.

Tax evasion and illegal export of capital are the two most common practices constituting capital flight.

United Nations Children's Fund

The balances of unexpended resources for the funds totalled 83 million ( 68 million in 2003), representing 3 per cent of the overall balance.

The 171million balance of unexpended resources shown in table 7 represents the pool of resources available to finance UNDP activities funded by regular resources.

55 188. Preventing and combating corrupt practices and illegal transfer of funds and repatriation of such funds to the countries of origin

Zakat The Islamic system of Zakat (two and a half annual tax on all unspent wealth and assets) is designed to benefit widows, orphans, the poor and those in dire need.

Of course, some government spending is desirable or necessary. But an increase in government outlays often means wasteful spending that produces less value than consumers would get from those same dollars.

Funds are provided to the states in untied capital grants.

(c) Preventing and combating corrupt practices and transfer of funds of illicit origin and returning such assets to the countries of origin

(d) Preventing and combating corrupt practices and transfer of funds of illicit origin and returning such assets to the countries of origin

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.

(i) Unencumbered balances of appropriations and interest income in excess of budgetary estimates amounted to 803,441 the respective share was distributed to eligible Member States with the 2005 assessments.

56 186. Preventing and combating corrupt practices and transfer of funds of illicit origin and returning such funds to the countries of origin

57 244. Preventing and combating corrupt practices and transfer of funds of illicit origin and returning such funds to the countries of origin

and transfer of funds of illicit origin and returning such assets to the countries of origin (continued)

In paragraph 144, the Office of the United Nations High Commissioner for Human Rights agreed with the Board's recommendation that it utilize the unspent balances of closed trust funds, as agreed with the donors.