Proposed state membres' contributions to AATA biennial budget

Abstract

The Constitution of the Association of African Tax Administrators (AATA) requires the Executive Committee to propose to the General Assembly the subscriptions and exceptional contributions if any which State members will make towards the budget of the Association. The interim Secretariat now presents its proposals, for consideration by the Executive Committee- of the subscriptions to be paid by State members of AATA to the budget of the Association for the biennium March 1984 to February 1986.Members of the Executive Committee will realize that the failure or success of AATA depends on its financial resources. The operational activities of AATA cannot be ensured unless its regular flow of income is guaranteed. While the interim Secretariat is convinced that the GAU formula for assessing member States contributions to AATA, budget is fair and equitable, it is, however, proposing other formulea to be studied and discussed. Firstly, it is proposed that an Endowment (Trust Fund) be established and such fund to be managed by an African financial institution. The future budget of the Association would be financed from the proceeds of the Trust Fund.