1.By 1531 FebruaryMarch each year, the Chair shall draw up a preliminary draft budget of the Board, including a statement of estimates of the Board'sBoard’s revenue and expenditure for the following yearyear, together with thea draft establishment plan for the following year, and shall submit it to the Board forin adoption.its plenary session.
2. By 31 March each year, theThe Board in its plenary session shall, where necessary, adjust the preliminary draft submitted by the Chair and adopt the final budget of the Board together with the draft establishment plan.
2.On the basis of the preliminary draft budget, as adopted by the Board in its plenary session, the Chair shall draw up a draft budget of the Board and submit it to the Board in its plenary session for adoption.
By 30 November each year, the Board in its plenary session shall adjust the draft budget submitted by the Chair, where necessary, and adopt the final budget of the Board together with the establishment plan.