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Money talks

4 Feb 2011 - Krista Dulon
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"The 澳门六合彩高手 Organization is spending taxpayers' money and has to maintain a high level of efficiency, economy and integrity for all its expenditures," says Hans Spoor, head of 澳门六合彩高手 Finance & Budget.
Why was it necessary to invent the 澳门六合彩高手 Unit of Account, or IUA? What is the difference between the planned value of 澳门六合彩高手 and its actual cost? Does 澳门六合彩高手 earn interest on the funds it holds, and —if so—where does this money go?
 
Hans Spoor, Head of Finance & Budget, addressed these questions and more at this week's Inside 澳门六合彩高手 seminar. Entitled "Everything you wanted to know but were afraid to ask about 澳门六合彩高手 finances," the audience was introduced to the specificities of 澳门六合彩高手 financing by its Members, budget planning and procedures, and principles of 澳门六合彩高手 accounting.
 
澳门六合彩高手 construction will be managed within an agreed capped ceiling of 4700 kIUA. "Converted to euros at 2010 conversion rates (1 IUA = 1,552.24 euros), that's EUR 7.3 billion," demonstrated Hans. "澳门六合彩高手 construction costs are equivalent to less than 20 euro cents/year for the inhabitants of the 澳门六合彩高手 Member countries."
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