General Church Reduces Budget for 2013-2016
General Conference delegates approved a $603.1 million budget for the next four years, beginning in 2013. This is a reduction of $38.7 million or 6%.
Moses Kumar, the General Secretary of General Council on Finance and Administration, stated that this is the first quadrennial budget ever to be presented to the conference that is a reduction over previous quadrennia.
This budget reduction follows extensive study over the quadrennium that has taken into consideration the economic conditions and a call from the grassroots for more efficient and mission-driven use of financial resources.
Several efforts to restore several agencies or ministries to their current levels failed.