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FAO Sets 2005-07 Budget Totals
ROME - Nov 26/05 - SNS -- The UN Food and Agriculture Organization's (FAO) governing conference voted in favor of a two-year budget appropriation of $765.7 million for its work in 2006-2007.
The budget represents an increase of about $16.6 million on the current budget of $749 million and will only partially offset the cost increases in FAO's budget caused by inflation. The Organization will have to absorb $38.6 million in expenses through efficiency savings and program reductions.
FAO Director-General Jacques Diouf was authorized by the Conference to begin progressive implementation of his proposals on changes to the organizational structure of Headquarters.
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