Translation glossary

The budget ceiling is the upper limit of available budget, in terms of total budget per project, per partner, budget per workpackage or budget per reporting period.

A budget line is a set of cost centres that facilitates reporting on expenditure and revenue. Each cost item can be allocated to one budget line only, according to the nature of the cost. HIT budget lines integrate the five categories of costs defined in Article 18 ETC Regulation (EU) 1299/2013.NOTE: HIT uses the term budget line; it is equivalent to the term category of expenditure used in the regulations.

A budget modification is a change of the agreed-upon project budget as defined by the approved application form.

An equitable calculation method is a method of determining flat rates, standard scales of unit costs or lump sums that ensures equal treatment of beneficiaries, and does not favour some beneficiaries or projects over others. When establishing simplified cost options, they must be done in advance, and be fair, equitable and verifiable.

A fair calculation method is a method of determining flat rates, standard scales of unit costs or lump sums that is reasonable; i.e., based on reality, not excessive or extreme. When establishing simplified cost options, they must be done in advance, and be fair, equitable and verifiable.