Define the Budget

The Budget must contemplate all operations and activities to be implemented for the next four years of the Project. At this stage, you must fill out the “Estimated budget” tab of the template.

If necessary, refine the Barrier Analysis performed in the Additionality Sheet based on your budget.

During the next four years and at every monitoring cycle, you will have to update the “Realised budget” tab.

ERS recommends estimating contingencies and economic circumstances such as devaluation of the local currency, inflation and money exchange rates, among others.