# Council Decision (CFSP) 2020/1515 of 19 October 2020 establishing a European Security and Defence College, and repealing Decision (CFSP) 2016/2382, Article 1: Budgetary principles

Extent: E+W+S+N.I.

1. The ESDC budget, drawn up in euro, is the act which for each financial year lays down and authorises all the ESDC revenue and all expenditure funded by the ESDC.
2. Budget revenue and expenditure shall be in balance.
3. No revenue or expenditure funded by the ESDC may be implemented other than by allocation to a heading in the ESDC budget.

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Source: https://www.legislation.gov.uk/eudn/2020/1515/annex/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2020-1515/annex/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.