DRAFT COMMISSION BUDGETS 2026/2027 to 2029/2030

Rev.1 contains editorial updates:

1. Budget total on page 1 was updated due to a typo in the original total. This does not affect the % increase.

2. Footnotes for the assessed contributions (Annexes B and C) were updated to reflect the updated data used in the calculations reflected in the Tables but the dates were not updated in the footnotes. 

The NPFC Secretariat submits this paper to the Commission on:

1. Update on income and expenditures for 2025/2026 fiscal year, 

2. Proposed 2026/2027 and 2027/2028 budgets and indicative budgets for 2028/2029 and 2029/2030 in accordance with the NPFC Convention and Financial Regulations, and 

3. Members’ contributions for 2026/2027 and 2027/2028.

The annual budget amount proposed for 2026/2027 is ¥171,098,326, an increase of 3.1%, when expressed in JPY, from the 2025/2026 budget.  Several transfers from reserve funds are also proposed to allow for this small increase. The increases are based on a further weakening of the yen (in the current context estimates make use of 155 JPY to the USD rather than the estimates used in 2025 of 150. This 5-point difference equates to a 3% cost increase for USD denominated contracts (VMS, database, science experts) without accounting for inflation. New budget costs are also proposed to support the increased pace of stocks assessments and the work of the Small Working Group on Management Strategy Evaluation for Pacific Saury (SWG MSE). Offsets are proposed from the Working Capital Fund, Special Projects Fund and Panama (held in reserve) that reduce the impact on the assessed contributions.  The proposed budget for 2027/2028 is ¥177,545,728. This is presented in Annex B and represents an increase of 3.6% over 2026/2027.