FY2018–FY2020 Medium-Term Budget

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Publisher : International Monetary Fund
ISBN 13 : 1498346855
Total Pages : 51 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis FY2018–FY2020 Medium-Term Budget by : International Monetary Fund. Office of Budget and Planning

Download or read book FY2018–FY2020 Medium-Term Budget written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2017-12-05 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund has been operating under a flat real resource envelope for the past six years. With continued efforts to maximize the use of available resources, spending in FY 17 is projected to reach 99 percent of the net administrative budget, and a low vacancy rate has helped stabilize overtime at 11 percent. Internal savings and reallocations have allowed the Fund to dedicate more resources to country work, including capacity development, without requiring an increase in the approved budget—apart from $6 million provided in FY 17 to cover rising security costs. An unchanged real net administrative budget in FY 18, despite deeper Fund engagement in a number of areas, as well as increased costs for corporate modernization. Accordingly, the budget proposal incorporates significant savings from reallocations and efficiency gains to fund new demands, as well as a further increase in the upfront allocation of carry-forward funds by about $10 million. The broad themes of the proposal are: (i) more intensive country work with a shift from surveillance to programs, but net savings in field offices; (ii) significant policy and analytical work on the financial sector and the role of the Fund (global safety net, facilities, and quotas), albeit less than in FY 17, with more work on structural issues and new challenges; (iii) funding for transforming IT and HR services, offset by central savings; and (iv) enhanced risk mitigation and knowledge management (KM), with the establishment of a KM unit to support cross-country analysis and knowledge transfer. At this stage, a flat resource envelope is assumed also for the medium term, contingent on continued reprioritization and a broadly unchanged global economic environment. Upward pressure on resources will arise from growing capacity development activities and certain revenue losses. Savings are expected from the TransformIT initiative and internal efficiency gains. But for the budget to remain flat, the Fund will need to continuously reprioritize and adjust its activities to make room for new demands. Even then, a more challenging global environment, with a further ramping up of Fund lending, or significant demands for deeper engagement in other areas, would put significant strains on resources over the medium term. The proposed capital budget envelope for FY 18–20 remains broadly unchanged from current levels. Some frontloading, however, is planned for the first two years, due to the cyclical nature of these investments and to accommodate strategic IT projects.

FY 2021-FY 2023 Medium-Term Budget

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513545817
Total Pages : 92 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis FY 2021-FY 2023 Medium-Term Budget by : International Monetary Fund. Office of Budget and Planning

Download or read book FY 2021-FY 2023 Medium-Term Budget written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2020-05-29 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: On April 27, 2020, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for financial year (FY) 2021, beginning May 1, 2020, and took note of indicative budgets for FY 2022–23.

FY2018 - Output Cost Estimates and Budget Outturn

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498309380
Total Pages : 27 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis FY2018 - Output Cost Estimates and Budget Outturn by : International Monetary Fund. Finance Dept.

Download or read book FY2018 - Output Cost Estimates and Budget Outturn written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-08-02 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Fund continues to make efforts to maximize the use of available resources in order to deliver on the priorities and initiatives laid out in the Global Policy Agenda (GPA). The FY 18 outturn reflects reallocations and efficiency gains, as well as flexibility provided by carry forward resources. With the number of Fund arrangements falling, the Fund’s outputs shifted from spending on lending activity to multilateral surveillance. On the input side, the structural budget was fully utilized. This paper presents key highlights of the FY 18 outturn, including a discussion of the outputs and inputs. Details on Capacity Development (CD) are presented in Annex"

Review of the Fund's Income Position for FY 2017 and FY 2018

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498346774
Total Pages : 49 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Fund's Income Position for FY 2017 and FY 2018 by : International Monetary Fund. Finance Dept.

Download or read book Review of the Fund's Income Position for FY 2017 and FY 2018 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2017-05-30 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund’s total net income for FY 2017, including surcharges, is projected at about SDR 1.7 billion or some SDR 0.7 billion higher than expected in April 2016. This mainly reflects the IAS 19 adjustment (relating to reporting of employee benefits), which is expected to contribute about SDR 0.4 billion to net income, and higher investment income. Lending income is expected to be modestly lower than the April 2016 estimates. The paper recommends that GRA net income of SDR 1.2 billion for FY 2017 (which excludes projected income of the gold endowment), be placed equally to the special and general reserve. After the placement of GRA FY 2017 net income to reserves, precautionary balances are projected to reach SDR 16.4 billion at the end of FY 2017. The paper further proposes to transfer currencies equivalent to the increase in the Fund’s reserves from the GRA to the Investment Account. In April 2016, the margin for the rate of charge was set at 100 basis points for the two years FY 2017 and FY 2018. The margin may be adjusted before the end of the first year of this two-year period (i.e., FY 2017) but only if warranted by fundamental changes in the underlying factors relevant for the establishment of the margin at the start of the two-year period. Staff does not propose a change in the margin. The projections for FY 2018 point to a net income position of SDR 0.7 billion. These projections are subject to considerable uncertainty and are sensitive to a number of assumptions.

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 16, 2016

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498345077
Total Pages : 9 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 16, 2016 by : International Monetary Fund

Download or read book Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 16, 2016 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-07-11 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Work Program (WP) translates the policy priorities and strategic directions laid out in the Fall 2016 Global Policy Agenda (GPA) and the International Monetary and Financial Committee (IMFC) Communiqué into an Executive Board agenda for the next six-twelve months. The Managing Director’s GPA called on members to use a balanced mix of all policy tools to revive demand and raise productivity, and ensure that gains from technology and globalization are shared more broadly. The GPA also warned against retreating from multilateralism at a time when cooperation and coordination are critical. It outlined how the Fund would support the membership by helping policymakers identify policy space and enhance resilience; assisting in understanding and tackling the underlying causes of low productivity growth; supporting members to expand economic opportunities—including by ensuring adequate and effective safety nets; and advocating for multilateralism that works for all. Where the work extends beyond traditional areas, the WP will focus on issues with a macro-economic impact that are systemically important or relevant for many and amenable to change through economic policies.

Review of the Fund's Income Position for FY 2018 and FY 2019-20

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498309143
Total Pages : 52 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Fund's Income Position for FY 2018 and FY 2019-20 by : International Monetary Fund. Finance Dept.

Download or read book Review of the Fund's Income Position for FY 2018 and FY 2019-20 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-06-13 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Fund’s total net income for FY 2018 is projected at about SDR 0.7 billion, broadly in line with the April 2017 estimate. The projections for total lending income are broadly unchanged. Most sources of lending income are lower, reflecting a lower level of credit outstanding as a result of advance repurchases and delayed disbursements. However, projected commitment fee income is higher following the early cancellation of a large FCL arrangement in November 2017. The paper recommends that GRA net income of SDR 0.7 billion for FY 2018 (excluding projected income of the gold sales profits-funded Endowment Subaccount) be placed to the special and general reserve. After the placement of GRA FY 2018 net income to reserves, precautionary balances are projected to reach SDR 17.4 billion at the end of FY 2018. The paper further proposes to transfer currencies equivalent to the increase in the Fund’s reserves from the GRA to the Investment Account. The paper also revisits options for the allocation of net income between the special and general reserve, and proposes that net income be allocated equally between the special and general reserve. In line with the recent Board discussion of a framework for guiding future payouts from the Endowment Subaccount, the paper presents a detailed proposal, which includes delaying payouts for three years to protect the real value of the Endowment. The paper also recommends that the margin for the rate of charge for the period FY 2019–2020 be kept unchanged at 100 basis points. The margin will again be set under the exceptional circumstances clause, as non-lending income continues to be constrained by the low interest rate environment and lending income will be used to finance a portion of the Fund’s non-lending activities. The projections for FY 2019 and FY 2020 point to a net income position of SDR 0.4 billion and SDR 1 billion, respectively. These projections are subject to considerable uncertainty and are sensitive to a number of assumptions."

FY2020–FY2022 Medium-Term Budget

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498311458
Total Pages : 68 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis FY2020–FY2022 Medium-Term Budget by : International Monetary Fund. Office of Budget and Planning

Download or read book FY2020–FY2022 Medium-Term Budget written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2019-05-07 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: FY2020–FY2022 Medium-Term Budget

The Navy and the Nation

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Author :
Publisher : Legare Street Press
ISBN 13 : 9781019595350
Total Pages : 0 pages
Book Rating : 4.5/5 (953 download)

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Book Synopsis The Navy and the Nation by : George H Doran Company

Download or read book The Navy and the Nation written by George H Doran Company and published by Legare Street Press. This book was released on 2023-07-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This groundbreaking book examines the complex relationship between the US Navy and the American people. From the naval arms race of the early XXth century to the challenges of the Cold War, the book explores the cultural, political, and economic factors that have shaped this enduring partnership. With insightful analysis and vivid storytelling, it is a must-read for anyone interested in the history of the US Navy or American society more broadly. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Budget of the United States Government

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Author :
Publisher :
ISBN 13 :
Total Pages : 434 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis Budget of the United States Government by : United States. Office of Management and Budget

Download or read book Budget of the United States Government written by United States. Office of Management and Budget and published by . This book was released on 2009 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Monetary Fund Annual Report 2018

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Publisher : International Monetary Fund
ISBN 13 : 1484378520
Total Pages : 108 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis International Monetary Fund Annual Report 2018 by : International Monetary Fund

Download or read book International Monetary Fund Annual Report 2018 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2018-10-02 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past year was one of growing economic anxiety tied to skepticism about both economic integration and an international approach to economic policy making. To help make globalization work for all, the IMF focused on providing policy advice in many macro-critical areas.

Missile Defense and Defeat

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Author :
Publisher : Rowman & Littlefield
ISBN 13 : 1442280107
Total Pages : 93 pages
Book Rating : 4.4/5 (422 download)

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Book Synopsis Missile Defense and Defeat by : Thomas Karako

Download or read book Missile Defense and Defeat written by Thomas Karako and published by Rowman & Littlefield. This book was released on 2017-03-24 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: The National Defense Authorization Act of 2016 mandates a review of missile defeat policy, strategy, and capability to be completed by January 2018. This upcoming Missile Defeat Review (MDR) represents an opportunity for the Trump administration to articulate a vision for the future of air and missile defense. This collection of expert essays explores how the strategic environment for missile defense and defeat has evolved since 2010 and offers recommendations to help guide and inform the MDR’s development.

Japan

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Publisher : International Monetary Fund
ISBN 13 : 149832620X
Total Pages : 69 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Japan by : International Monetary Fund. Asia and Pacific Dept

Download or read book Japan written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2015-07-24 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Abenomics has lifted Japan out of the doldrums and needs to be reinforced to accomplish the desired “once in a lifetime” economic regime shift. Building on initial positive results, policies now need to embark on a sustained effort to meet the unprecedented challenges Japan is facing: ending an entrenched deflationary mindset, raising growth, restoring fiscal and debt sustainability, and maintaining financial stability in the face of adverse demographics. Japan should be at the vanguard of structural reform. More vigorous efforts to raise labor supply and deregulate domestic markets, backed by further endeavors to raise wages and investment and designed to boost confidence and raise domestic demand, will be essential to lift growth, facilitate fiscal consolidation, and unburden monetary policy. A credible medium-term fiscal consolidation plan is needed to remove uncertainty about the direction of policies that may be holding back domestic demand. The overarching goal should be to put debt on a downward path, through gradual but steady consolidation that does not derail growth and inflation momentum. It should be based on prudent economic assumptions and on concrete structural revenue and expenditure measures identified upfront. More explicit monetary guidance would enhance inflation dynamics. Actual and expected inflation remain well below the Bank of Japan’s (BoJ’s) inflation target and monetary policy transmission remains weak. The BoJ needs to stand ready to undertake further easing and should provide stronger guidance to markets through enhanced communication. Absent deeper structural reforms, even with further easing, reaching two- percent inflation in a stable manner is likely to take longer than envisaged, suggesting that the BoJ should put greater emphasis on achieving the inflation target in a stable manner rather than within a specific time frame. The financial sector should be a greater catalyst for growth, and guard against risks from unconventional policies. The soundness of the financial system allows more risk taking and consolidation, while remaining resilient to the likely higher volatility of asset prices, exchange rates and interest rates, and lower liquidity in the JGB market as quantitative easing proceeds. While the 2014 external position was assessed to be broadly aligned with fundamentals, subsequent developments and incomplete policies raise the risk of negative spillovers. With the depreciation of the yen relative to its mid-2014 level, further monetary easing without bolder structural reforms and a credible medium-term fiscal consolidation plan could lead to sluggish domestic demand and overreliance on yen depreciation to pursue domestic policy objectives.

Federated States of Micronesia

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 81 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Federated States of Micronesia by : International Monetary Fund. Asia and Pacific Dept

Download or read book Federated States of Micronesia written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2024-03-04 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth has been volatile since the Covid-19 pandemic, and inflation reached decade-high levels mainly due to higher prices of imported food and energy. High vulnerability to climate change is also intensifying food security concerns. Despite the weak domestic economy, the fiscal and external current accounts posted large surpluses, partly thanks to foreign grants and taxes paid by foreign firms. The high uncertainty around medium-term external financing and economic prospects diminished significantly with the signing of a new Compact of Free Association (COFA) agreement between the FSM and the United States government, which includes larger grants for the next 20 years and will enable much needed public investment and reforms. However, the agreement still needs to be ratified by the US Congress.

Energy and Water Development Appropriations for 2018

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Author :
Publisher :
ISBN 13 :
Total Pages : 1360 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Energy and Water Development Appropriations for 2018 by : United States. Congress. House. Committee on Appropriations. Subcommittee on Energy and Water Development

Download or read book Energy and Water Development Appropriations for 2018 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Energy and Water Development and published by . This book was released on 2017 with total page 1360 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Pig Book

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Author :
Publisher : St. Martin's Griffin
ISBN 13 : 146685314X
Total Pages : 212 pages
Book Rating : 4.4/5 (668 download)

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Book Synopsis The Pig Book by : Citizens Against Government Waste

Download or read book The Pig Book written by Citizens Against Government Waste and published by St. Martin's Griffin. This book was released on 2013-09-17 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The federal government wastes your tax dollars worse than a drunken sailor on shore leave. The 1984 Grace Commission uncovered that the Department of Defense spent $640 for a toilet seat and $436 for a hammer. Twenty years later things weren't much better. In 2004, Congress spent a record-breaking $22.9 billion dollars of your money on 10,656 of their pork-barrel projects. The war on terror has a lot to do with the record $413 billion in deficit spending, but it's also the result of pork over the last 18 years the likes of: - $50 million for an indoor rain forest in Iowa - $102 million to study screwworms which were long ago eradicated from American soil - $273,000 to combat goth culture in Missouri - $2.2 million to renovate the North Pole (Lucky for Santa!) - $50,000 for a tattoo removal program in California - $1 million for ornamental fish research Funny in some instances and jaw-droppingly stupid and wasteful in others, The Pig Book proves one thing about Capitol Hill: pork is king!

Mauritius

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Publisher : International Monetary Fund
ISBN 13 : 1498311954
Total Pages : 84 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Mauritius by : International Monetary Fund. African Dept.

Download or read book Mauritius written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2019-04-29 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation discusses that Mauritius is pursuing an ambitious strategy to foster inclusive growth and reach the high-income country milestone. Several structural challenges, notably, a shortage of suitably skilled workers, an aging population, and declining productivity and cost competitiveness confront Mauritius in meeting these goals. The discussions focused on preserving fiscal sustainability, regaining external competitiveness, and maintaining financial integrity and stability. Several steps have been undertaken to boost skill development, improve the business climate, and build innovation capacity. On the expenditure side, economic activity is expected to be spurred in the near term by public spending on infrastructure projects and sustained in the medium term as those projects and productivity-enhancing reforms improve private-sector competitiveness. It is recommended to pursue fiscal consolidation from the forthcoming budget FY2019/20 to build fiscal credibility and set public debt firmly on a declining path into the medium term.

Growth in Fringe Benefits

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Author :
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Growth in Fringe Benefits by : John C. Wilkin

Download or read book Growth in Fringe Benefits written by John C. Wilkin and published by . This book was released on 1982 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: