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3. Critical Issues NTO has spent 72.47% of its reduced budget, until 31/01/2014, all expenditures since January 2014 were paid. We expect to complete the most of the remaining activities by the deadline of the next reporting period (31/04/2014). We expect to complete pending and upcoming payments (we think that the spending budget will be approximately 90%) by the deadline of the next reporting period (31/04/2014).

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3. Critical Issues

• NTO has spent 72.47% of its reduced budget, until 31/01/2014, all expenditures since January 2014 were paid.

• We expect to complete the most of the remaining activities by the deadline of the next reporting period (31/04/2014).

• We expect to complete pending and upcoming payments (we think that the spending budget will be approximately 90%) by the deadline of the next reporting period (31/04/2014).