CHAPTER 6

BUDGET

Budgetary principles
Article 18
1
The budget, drawn up in euro, is the act which for each financial year lays down and authorises all the revenue and expenditure relating to common costs administered by Athena.
2
All expenditure shall be linked to a specific operation, except where appropriate for the costs listed in Annex I.
3
The appropriations entered in the budget are authorised for the duration of a financial year which begins on 1 January and ends on 31 December of the same year.
4
Budget revenue and expenditure shall be in balance.
5
No revenue or expenditure relating to common costs may be implemented other than by allocation to a heading in the budget and within the limit of the appropriations entered there, except pursuant to Article 34(5).