Budget and accountability

Read aloud

De Nederlandsche Bank (DNB) draws up a budget every year. The budget provides an overview of our priorities, the results we aim for and the cost trends we anticipate in the year ahead. We also report on our activities and results, for example in the annual report. We also disclose our Executive Board members' expense claims annually.

Budget

Our overall budget consists of two parts: one budget covers our monetary tasks, such as implementing monetary policy and safeguarding the smooth functioning of payment systems. The other budget covers our tasks as the supervisor of financial institutions, the national resolution authority and the administrator of the Dutch Deposit Guarantee. The second budget is referred to as the ZBO budget, because we perform these tasks as an autonomous administrative authority, or ZBO in Dutch.

Approval

Our Supervisory Board approves the overall budget. We then submit the ZBO budget to the Ministry of Finance and the Ministry of Social Affairs and Employment for their approval. Prior to this, we discuss the draft ZBO budget with representatives of the institutions we supervise in panel meetings. We always disclose the reports of these panel meetings.

Accountability

Of course, we also account for the realisation of our previous-year budget annually To this end, we draw up an annual report that discusses all our tasks. We also publish a separate ZBO report, which only deals with the tasks we carry out as a ZBO.

Executive Board members' expense claims

Every year, we disclose the accounts, receipts and expense claims of our Executive Board members. Only function-related costs are disclosed. The Facilities and expenses regulation for DNB’s Executive Board specifies which expenses may be claimed from DNB by virtue of the position. For example: travel and accommodation costs, conferences and conventions. However, some costs are not disclosed, such as a laptop and other office supplies, training costs, security costs and official travel. Where applicable, specifics such as personal information is blacked out. A meeting may also have to be kept secret as part of supervisory or ESCB tasks.

Recent budgets, reports and expense claims

The following overview lists our budgets, reports and expense claims of the past five years. Information from previous years is available in the archive.

DNB Annual Report

Previous years' annual reports can be found in the archive. 

DNB budget

Previous years' budgets can be found in the archive.

ZBO budget

 ZBO budgets from previous years can be found in the archive. 

Monetary Affairs budget

The monetary affairs budgets of previous years can be found in the archive.  

Autonomous administrative authority (ZBO) report

The ZBO reports of previous years can be found in the archive. 

Reports panel meetings ZBO accountability

Reports of panel meetings from previous years can be found in the archive. 

Rules of procedure for the DNB advisory panel

Executive Board members’ expense claims

Executive Board members' expense claims from previous years can be found in the archive.