The International Atomic Energy Agency's budget for 2010 has been set at EUR318.3 million. The IAEA Board of Governors approved the 2010 budget during a meeting at the IAEA's headquarters in Vienna, on 3 August.
Along with a 2.7% real growth increase and a 2.7% price adjustment, the budget also contains a number of cost-cutting measures that will be implemented.
Also, a capital investment fund will be set up as a reserve fund to support major infrastructural investments over the years. Any savings from annual regular budget appropriations will be retained within the fund.
The regular budget for 2010 will see the largest increases in the fields of nuclear security and safety, technical cooperation, nuclear power and nuclear applications.
The approved draft resolution of the budget for 2010 will be taken up for adoption at the IAEA General Conference in September. The Board will convene a working group to consider priorities and resource requirements as well as address the IAEA's budget for 2011 and the programme and budget for 2012–2013.
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