VNG International Annual Update 2017


10 Our Finances








The total turnover of VNG International in 2016 amounts to 21,990,000

Euro. 47 % of the turnover comes from foreign sources like European Union, World Bank, UN agencies, and national governments of other countries.

The Dutch Ministry of Foreign Affairs is by far the biggest financial source within the Dutch funding, with 45 % of the total turnover. The fiscal year was finalised with a positive result of 344,000 Euro before taxation. The remaining amount will be used to strengthen democratic local government. This year, 2017, is – also in financial terms – developing according to our expectations.


See also: Financial Statement 2016.