2025 Budget Process Timeline
Key dates:
Net Change Limit = To be raised as a governance action on 3 March 2025
The first budget = A budget could be raised from 31 March 2025
Process Timeline
Phase 1
1st January – 31st January 2025
Hard Fork:
29th January – HardFork Ratification
Budget:
Budget proposal generated.
Phase 2
1st February – 10th April 2025
Constitution:
New Constitution Action will be ratified & enacted
Constitutional Committee engagement.
10th March - Dreps are required to vote on the Info Action
Budget:
Presentation of consolidated budget proposal
Community engagement sessions
Live feedback and discussion
Delegated Representatives review period
Proposal refinement based on feedback
Budget Info is released for DReps and ICC to review and vote on
Committees will define the requirements for each budget line item
DRep voting on treasury withdrawal limits
Establishment of fiscal parameters
Procurement:
March: The tendering process will open for suppliers to submit responses to RFPs; however, no contracts will be awarded until funds are released from the treasury. (Note: Suppliers submit responses at their own risk.)
Phase 3
11th April – 30th June 2025
Budget:
Final proposal refinements
On-chain submission preparation
15th April - 17th May: Community voting (requiring >51% DRep active stake approval)
23rd May - Final vote
Implementation of approved allocations via treasury withdrawal
Phase 5
1st July Onwards ->
Funds will be released, and contract awards will commence.
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