"In my books that's one of several things wrong with FIDE at the moment;"

Dear Lyle, this is from Hal Bond's report:

"I am in Christ Church Barbados at the conclusion of the FIDE Development Commission Meeting. Continental President Jorge Vega was on had to report on the Presidential Board Meeting which recently concluded in China.

The 2015 FIDE Budget was approved in China, and forecasts a deficit of almost 400,000 Euros on revenues of 1,870,000. Odd numbered years are typically leaner for FIDE due to the Olympiad and World Championship cycle but this news was very surprising. I do not recall a forecast deficit of this magnitude in my tenure as Delegate. The President has provided financial assistance in the past for various projects in need but this is not expected to happen in the current year."

Is this one of those "several things wrong with FIDE"? Any other things should you mention?