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Document 11957A171

TREATY ESTABLISHING THE EUROPEAN ATOMIC ENERGY COMMUNITY ( E.A.E.C. - EURATOM ), TITLE FOUR - FINANCIAL PROVISIONS, ARTICLE 171

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ELI: http://data.europa.eu/eli/treaty/euratom/art_171/sign

11957A171

TREATY ESTABLISHING THE EUROPEAN ATOMIC ENERGY COMMUNITY ( E.A.E.C. - EURATOM ), TITLE FOUR - FINANCIAL PROVISIONS, ARTICLE 171


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ARTICLE 171

1 . ESTIMATES SHALL BE DRAWN UP FOR EACH FINANCIAL YEAR OF ALL REVENUE AND EXPENDITURE OF THE COMMUNITY , OTHER THAN THOSE OF THE AGENCY AND THE JOINT UNDERTAKINGS , AND SUCH REVENUE AND EXPENDITURE SHALL BE SHOWN EITHER IN THE OPERATING BUDGET OR IN THE RESEARCH AND INVESTMENT BUDGET .

THE REVENUE AND EXPENDITURE SHOWN IN EACH BUDGET SHALL BE IN BALANCE .

2 . THE REVENUE AND EXPENDITURE OF THE AGENCY , WHICH SHALL OPERATE IN ACCORDANCE WITH COMMERCIAL PRINCIPLES , SHALL BE BUDGETED FOR IN A SPECIAL ACCOUNT .

THE MANNER OF ESTIMATING , IMPLEMENTING AND AUDITING SUCH REVENUE AND EXPENDITURE SHALL BE LAID DOWN , WITH DUE REGARD TO THE STATUTES OF THE AGENCY , IN FINANCIAL REGULATIONS MADE PURSUANT TO ARTICLE 183 .

3 . THE ESTIMATES OF REVENUE AND EXPENDITURE , TOGETHER WITH THE OPERATING ACCOUNTS AND THE BALANCE SHEETS OF THE JOINT UNDERTAKINGS FOR EACH FINANCIAL YEAR , SHALL BE PLACED BEFORE THE COMMISSION , THE COUNCIL AND THE ASSEMBLY IN ACCORDANCE WITH THE STATUTES OF THOSE UNDERTAKINGS .

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