Budget

Saturday, 18 April 2009 14:04

Financing plan for cross-border programme 2007-2009

The Community contribution has been calculated in relation to the eligible expenditure, which is based on the total expenditure, as agreed by the participating countries and laid down in the cross-border programme. The Community contribution at the level of priority axis shall not exceed the ceiling of 85% of the eligible expenditure. The co-financing under priority axis I will be provided by the final grant beneficiaries and it can be from public and private funds.

Community funding

Cross-border Programme	2007	2008	2009	Total
Serbia	500,000.00	500,000.00	500,000.00	1.500,000.00
Montenegro	600,000.00	600,000.00	600,000.00	1.800,000.00
Total	1,1	1,1	1,1	3,3

Contribution 85 %

National funding

Cross-border Programme	2007	2008	2009	Total
Serbia	88,235.00	88,235.00	88,235.00	264,705.00
Montenegro	105,882.00	105,882.00	105,882.00	317,646.00

Contribution 15 %

Final grant beneficiaries should contribute with a minimum of 15% of the total eligible cost of the project, both for investment and institution building projects. The co-financing under priority axis II will be provided by the national authorities.