Article 37 Presentation of the budget of the Union body

The budget of the Union body shall show:

1. (a)

   in the statement of revenue:

   1. (i)

      the estimated revenue of the Union body for the financial year concerned (‘year N’);

   2. (ii)

      the estimated revenue for the preceding financial year and the revenue for year N – 2;

   3. (iii)

      appropriate remarks on each revenue line.

2. (b)

   in the statement of expenditure:

   1. (i)

      the commitment and payment appropriations for year N;

   2. (ii)

      the commitment and payment appropriations for the preceding financial year, and the expenditure committed and the expenditure paid in year N – 2 — the latter also expressed as a percentage of the budget of the Union body of year N;

   3. (iii)

      a summary statement of the schedule of payments due in subsequent financial years to meet budget commitments entered into in earlier financial years;

   4. (iv)

      appropriate remarks on each subdivision.