FAO’S 2006-2007 budget set at $765.7 million by its governing Conference
Agency reforms are initiated
26 November 2005, Rome – The governing Conference of the UN Food and Agriculture Organization (FAO) today voted the food agency 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 programme 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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