# 2025 Budget Process

## Cardano Budget Process 2025

### Overview

Welcome to the official portal for Cardano's 2025 budgeting process. This platform represents a historic milestone as Cardano implements its first annual budget through on-chain governance. The process is facilitated by Intersect, a member-based organization advancing Cardano's development, with final decisions made by the community through on-chain voting.

### Core Principles

Our budget process adheres to the following foundational principles:

* **Constitution Alignment**: Adherence to the interim constitution and Cardano's on-chain governance system
* **Community Interest**: Acting in the interests of both Intersect members and the wider Cardano Ecosystem
* **Facilitation Not Dictation**: Coordinating without controlling outcomes
* **Open Access**: Avoiding gatekeeping of participation, funds, or processes
* **Transparency**: Maintaining open documentation and communication throughout

### Treasury Overview

* Current Treasury Value: 1.58 billion ADA
* Expected 2025 Generation: \~₳350 million (based on current volumes and monetary policy)
* Scope: Core infrastructure, research and development, community grants, marketing, and ecosystem development

### Process Timeline

#### Current Phase: Consultation (November-December 2024)

* Community input gathering through surveys and forums
* Committee proposal development
* Data collection and analysis of ecosystem priorities
* Open AMA sessions with the Budget Committee

#### Budget Definition (Q1 2025)

* Final proposal compilation
* Community review period
* Preparation for on-chain submission

#### On-Chain Governance Process

1. **Treasury Net-Change Limit**
   * Info action submission for DRep voting
   * Establishes withdrawal limits
2. **Budget Proposal Vote**
   * Info action submission
   * ICC and DRep voting (requires 51%+ DRep active stake approval)
   * Must align with established net-change limit
3. **Treasury Withdrawal Actions**
   * Final ICC and DRep voting on specific withdrawals
   * Implementation of approved allocations

### Committee Structure

The budget process for 2025 is coordinated through Intersect's core committees:

* Product Committee
* Technical Steering Committee
* Open Source Committee
* Membership & Community Committee
* Civics Committee
* Budget Committee

### How to Participate

#### Current Opportunities

1. **Complete the Community Survey**
   * Open through November 28, 2024
   * [Take the Survey →](https://docs.google.com/forms/d/e/1FAIpQLSeQF1G24eRkI7Lmsp7m9aQV6Ssh9HLWT2r_PkYXrPLCiUv-vw/viewform)
2. **Attend AMA Sessions**
   * Regular open sessions with the Budget Committee
   * [View Schedule & RSVP →](https://lu.ma/cardanobudgetprocess)
3. **Engage with Committees**

   * Connect with recently elected committee members
   * Join committee-specific sessions


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