4.
contribution,
1995/96; and
CONFIDENTIAL
funds for this will be required from
iii) our objective to ensure that the Hong Kong HMOCS pensions and compensation package be funded from the demand-led Overseas Superannuation sub-programme and not the Aid Budget (the Secretary of State's minute of 9 November to the Chief Secretary and his reply of 15 November are at flag B). Funds for this package will be required from 1996/97.
As the requirements for the GEF replenishment and the Hong Kong HMOCS package do not impact before 1995/96 and 1996/97, I recommend that the superannuation saving of £5m in 1994/95 be
added to the Aid Budget.
5. And because of our strong interest in establishing that future payments in respect of the Hong Kong HMOCS package are met from the demand-led superannuation vote and do not become part of the annual PES round, I also recommend that the superannuation
saving of £5m in 1996/97 be retained in the Overseas Superannuation sub-programme and be specifically earmarked for the Hong Kong package.
6.
This leaves consideration of how to deploy the £ 6m superannuation saving in 1995/96 and a decision on how to play the GEF, which is funded out of the Global Environment Assistance sub-
To The existing sub-programme baseline is £8/8/8m. programme. finance the replenishments of the GEF and the Montreal Protocol Fund, this baseline would need to rise to £8/16/24m.
7. We have two options. First, we could continue arguing in the 1994 PES (as we have done in both 1992 and 1993 Surveys) that the
commitment to "new and additional"
resources for the GEF
replenishment cannot be met unless the overall ODA baseline is raised by at least the extra amount required to augment the Global Environment Assistance sub-programme, i.e. by £8m in 1995/96 and
£16m in 1996/97. This would simply mean adding the £ 6m superannuation saving in 1995/96 to the Aid Budget to give the
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