A step forward in ESA budgeting

Details A step forward in ESA budgeting A step forward in ESA budgeting

May 2006

adsabs.harvard.edu/cgi-bin/nph-data_query?bibcode=2006esabu.126...66d&link_type=abstract

ESA Bulletin (ISSN 0376-4265), No. 126, p. 66 - 70 (2006)

Physics

Space Research

Scientific paper

The new FINPOL ("Financial Policy") system in use since 1 January 2006 is helping ESA to adapt itself at a time when most countries face restrictions in their national budgets and their contributions need to be justified and used as efficiently as possible. The various flexibility systems put in place beginning in 1998 produces important improvements in the yearly consumption of ESA budgets, but they had drawbacks. FINPOL is a simpler, more transparent system, providing greater flexibility for programme managers and Member States.

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