Funding Model for the EuRICAA Project
Country's national budget* EuRICAA Initiative Fund
Revenue side |
Expenditure side |
Revenue side |
Expenditure side |
1. Issue of infrastructure bonds |
1.Contributions from GDP to the EuRICAA project |
1. Compulsory contributions from GDP to the EuRICAA project from participating countries |
1. All types of work for carrying out the EuRICAA project |
2. Tax revenue from funding sources according to the Program** |
2. Servicing of bonds and payment of interest |
2. Voluntary contributions from interested persons |
2. Maintenance of the EuRICAA Initiative Fund |
*Budget expenditures must be fully covered by benefits exceeding costs. Budget funding is to be carried out only be means of debenture issue, whereby the increase in debt on national budgets should not exceed the increase in budget revenues generated by the EuRICAA project and intrastate related projects. The implementation of related projects will be formulated and supported by the mutual efforts of socioeconomic and business effects.
** Tax revenues, a tool of state fiscal policy, with the help of which indirect regulation of economic processes is carried out at the macroeconomic level, will ensure that the national budgets of the participating countries are constantly and regularly replenished for funding the project, as well as being sources for forming national budget surpluses.
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