European Training Foundation Governing Board approves Amending Budget 1/2026 at ETF; €3.1m added revenue and salary savings
European Training Foundation Governing Board approves Amending Budget 1/2026 at ETF; €3.1m added revenue and salary savings AMENDING BUDGET AMENDING BUDGET 1/2026 GB/26/DEC/009 AMENDING BUDGET 1/2026 | 2 AMENDING BUDGET 1/2026 The main objectives of this amending budget are to present the transfer already performed under the authority of the Director and to integrate the additional revenue. The amending budget is presented for information to Governing Board member in the June meeting and will be sent for written approval as per Governing Board rules and procedures1 Revenue The ETF’s main source of revenue is its contribution from the European Commission. In addition, in accordance with Article 15.3 of its founding Regulation, the ETF can receive funding from other sources for activities included in its mandate. 1a. EC contribution (Titles 1, 2, 3) There are no modifications to the appropriations the ETF expects to implement by the end of the year. 1b. Other revenue (Title 4) The ETF has received and included in this amending budget a total of €3.1m as follows: • €0.07m corresponding to accounting services provided to EU-OSHA; • €0.32m as the 3rd instalment for the BIBB project; • €0.64m as the 1st instalment for the COVES 3 project; • €0.87m as the 4th (last) instalment for the ACQF project; • €0.63m as the 3rd (last) instalment for the SER project; • €0.56m as the 1st instalment for the Egypt TVET project. As per consolidated practice and to ensure sound budget management, additional revenue for voluntary contributions already presented to the Board will be integrated when received. Expenditure The activities performed until now and the proposed changes are aligned with the priorities and objectives in the single programming document2 adopted by the Board on 27 November 2025. Budget estimates have been updated considering the information on salary adaptation, notably the decrease of weighting factor for Italy received last year and impacting until end June 2026, emerging changes and the announced priorities. This amending budget includes one transfer falling under the authority of the Director that has already been performed on 19 May 2026, as well as a revision of the corresponding assumptions: 1 GB/09/DEC/017 – ETF’s Governing Board rules and procedures 2 GB/25/DEC/010- Single Programming Document 2026-2028 – Work Programme 2026 ...