Adjusting the budget
The principal investigator may make an adjustment/transfer between some of the items of the approved project budget using the budget adjustment form, observing the following rules:
- Transfer between the elements of the same budget item is permitted in accordance with the rules set out in this article, provided that what is transferred does not exceed (50%) of the item transferred from, after the Unit’s approval.
- Transfer from any item of the project budget to the equipment item is permitted.
- Transfer from any item of the project budget to the manpower and trips items is not permitted.
- Transfer from the budget of the equipment item to another item is not permitted.
- A budget adjustment may be made only twice during the project period and in accordance with the rules mentioned above.
- The authority to transfer between the items of the approved project budget rests with the Unit, with notification to the General Secretariat of the transfer decisions taken and their justifications.
- The principal investigator may request to carry over what remains of the first year’s budget for a particular item to the second year’s budget for the same item, after the Unit’s approval.