DRAFT COMMISSION BUDGETS 2025/2026 to 2028/2029

ABSTRACT
The NPFC Secretariat submits this paper to the Commission on
1. Update on income and expenditures for 2024/2025 fiscal year,
2. Proposed 2025/2026 and 2026/2027 budgets and indicative budgets for 2027/2028 and 2028/2029 in accordance with the NPFC Convention and Financial Regulations, and
3. Members’ contributions for 2025/2026 and 2026/2027.
For the 2024/2025 fiscal year, income to 31 December 2025 was ¥138,346,005 with accounts receivable of ¥31,648,738. Expenditures are ¥ 53,382,669 as of 31 December 2025. A significant remaining component will be the expenditures for the SC09 related meetings in December (not yet invoiced), database projects that are underway and COM09 related meetings in March 2025. Projected expenditures will be around 91% of the appropriated funds. The summary of 2024/2025 expenditures is in Annex A.
The annual budget amount proposed for 2025/2026 is ¥182,784,826, an increase of 7.2%, when expressed in JPY, from the 2024/2025 budget to compensate for the continued low value of the Japanese yen (see p. 6 and Figure 1 for details). The proposed budget for 2026/2027 is ¥200,984,295. This is presented in Annex B.
Unaudited values are reported for 2023/2024 as the auditor is still finalizing the data manually.