Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Consolidated Medium Term Income And Expenditure Framework
Download The Consolidated Medium Term Income And Expenditure Framework full books in PDF, epub, and Kindle. Read online The Consolidated Medium Term Income And Expenditure Framework ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis The Consolidated Medium-Term Income and Expenditure Framework by : International Monetary Fund. Finance Dept.
Download or read book The Consolidated Medium-Term Income and Expenditure Framework written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2012-12-04 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper updates the consolidated income and expenditure outlook and the projected accumulation of precautionary balances over the medium-term. The paper incorporates and extends the income and budget projections in the companion papers; these projections are also in line with those discussed in the recent paper on the review of precautionary balances.
Book Synopsis The Consolidated Medium-Term Income and Expenditure Framework by : International Monetary Fund
Download or read book The Consolidated Medium-Term Income and Expenditure Framework written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-04-22 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The medium-term income projections have been updated since the last estimate provided to the Executive Board in April 2013. Lending income is higher compared with the earlier estimates as a result of new arrangements approved since April 2013. Non-lending income is lower primarily due to revised projections for investment income. The updated expenditure path assumes the net administrative budget remains constant in real terms at the FY 2014 level, implying a nominal medium-term path that is somewhat higher than in the April 2013 projections. Precautionary balances are projected to reach the current target of SDR 20 billion in FY 2018. The projections also illustrate a broad balance between income and expenditures even if lending were to return to pre-crisis levels.
Book Synopsis The Consolidated Medium-Term Income and Expenditure Framework by : International Monetary Fund. Finance Dept.
Download or read book The Consolidated Medium-Term Income and Expenditure Framework written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2016-08-04 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The medium-term income projections have been updated from the April 2015 outlook and the February review of the adequacy of precautionary balances. The main changes to the outlook stem from a more gradual rise in the SDR interest rates and lower surcharge income following the lowering of the surcharges threshold. The revised projections still show a positive forecast for net operational income (and surcharges) over the medium term, albeit lower than projected a year ago. Lending income (excluding surcharges) is marginally higher compared with earlier estimates. Surcharge income is estimated to be lower, reflecting the adjustment of the surcharges thresholds following the implementation of quota increases under the 14th General Review. Projected income from the Fixed-Income Subaccount of the Investment Account and interest-free resources are expected to increase more gradually over the medium-term as market indicators now point to a slower rise in interest rates from their current low levels. The expenditure path includes an increase in real terms of about 1⁄2 percent in the net administrative budget for FY 2017 to accommodate rising costs for physical and IT security. Moreover, reflecting further upward pressure over the medium term and uncertainty about the scope for offsetting savings, the traditional baseline assumption of a constant real spending envelope in the outer years is complemented by an alternative scenario with a further moderate spending increase of 11⁄2 percent, phased in over FY 2018–19. In addition, a lower projected U.S. dollar/SDR exchange rate increases the expenses in SDR terms.
Book Synopsis Beyond the Annual Budget by : World Bank
Download or read book Beyond the Annual Budget written by World Bank and published by World Bank Publications. This book was released on 2012-11-12 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beyond the Annual Budget is a comprehensive review of country experience with Medium Term Expenditure Frameworks (MTEFs) worldwide. It looks at countries both with and without MTEFs over the period 1990 to 2008 to obtain results about their impact on fiscal performance.
Author :International Monetary Fund. Office of Budget and Planning Publisher :International Monetary Fund ISBN 13 :1498339093 Total Pages :22 pages Book Rating :4.4/5 (983 download)
Book Synopsis FY2012-FY2014 Medium-Term Budget by : International Monetary Fund. Office of Budget and Planning
Download or read book FY2012-FY2014 Medium-Term Budget written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2011-03-30 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the global financial landscape still unsettled, temporary spending looks set to remain at current levels over the next few years. Lending commitments and crisis-management activities have surged since the onset of the crisis: by the end of December 2010, there were 60 program and financial arrangements in place, compared with 40 at the time of the Fund’s restructuring in early 2008. The higher lending has generated a sharp but temporary rise in income, but has also required an increase in temporary spending. This expenditure will unwind over time, but only marginally over the FY 12–14 MTB period
Book Synopsis Review of the Fund's Income Position for FY 2016 and FY 2017-2018 by : International Monetary Fund. Finance Dept.
Download or read book Review of the Fund's Income Position for FY 2016 and FY 2017-2018 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2016-08-04 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund’s total net income for FY 2016 including surcharges is projected at about SDR 1.0 billion or some SDR 0.15 billion higher than expected in April 2015. Lending income continues to be the main source of income and is in line with April 2015 estimates. Investment income has fallen reflecting the decline in equity markets that exceeded the modest returns on fixed income securities. As a result of the 5-yearly review of key actuarial assumptions, the IAS 19 adjustment (relating to reporting of employee benefits) is expected to contribute about SDR 0.3 billion to net income in FY 2016. The paper recommends that GRA net income of SDR 1.1 billion for FY 2016 (which excludes projected losses of the gold endowment), be placed equally to the special and general reserve. After the placement to reserves, precautionary balances are projected to reach SDR 15.2 billion at the end of FY 2016. Following the completion of the Board’s review of the investment strategy for the Fixed-Income Subaccount, the paper further proposes to transfer currencies equivalent to the increase of the Fund’s reserves for FY 2014 and FY 2015 (totaling SDR 2.6 billion) and FY 2016 (estimated at SDR 1.1 billion), from the GRA to the Investment Account. The paper proposes that the margin for the rate of charge be set at 100 basis points for the two years FY 2017 and FY 2018. This follows a comprehensive review of the underlying factors relevant for the establishment of the margin this year and also takes into account the impact of the inclusion of the renminbi in the SDR basket on Fund income and borrowing costs. The projections for FY 2017 and FY 2018 point to a net income position of SDR 1 billion and SDR 0.7 billion, respectively. These projections are subject to considerable uncertainty and are sensitive to a number of assumptions.
Book Synopsis Review of the Adequacy of the Fund's Precautionary Balances by : International Monetary Fund
Download or read book Review of the Adequacy of the Fund's Precautionary Balances written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-01-26 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the adequacy of the Fund’s precautionary balances, using the framework approved by the Board in 2010. The review takes place on the standard two-year cycle. The paper discusses developments since the last review in 2014 and revisits several issues discussed at that time. The framework provides an indicative range for the target for precautionary balances linked to credit outstanding, and allows for judgment in setting this target. A reserve coverage ratio of 20-30 percent draws on approaches in other IFIs, adapted to the circumstances of the Fund, and is a guide for determining the target. At the same time, Directors have emphasized the continued importance of judgment and Board discretion in light of a broad assessment of financial risks facing the Fund.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1498344828 Total Pages :106 pages Book Rating :4.4/5 (983 download)
Book Synopsis FY2016 - FY2018 Medium-Term Budget by : International Monetary Fund
Download or read book FY2016 - FY2018 Medium-Term Budget written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-03-30 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the net administrative budget, the FY 16–18 medium-term budget (MTB) proposal includes: In FY 16, an unchanged budget envelope in real terms, for the fourth year in a row. To accommodate new and ongoing strategic priorities of the Fund within a flat envelope, efforts to reallocate resources away from lower-priority activities and achieve efficiency gains were stepped up both at the departmental level and across the institution. Savings measures implying a reallocation of resources of close to 5 percent of the net administrative budget were identified through this process. The bulk of these savings would be used to help meet the new priorities highlighted in the Global Policy Agenda and in Management’s Key Goals, while preserving room at the departmental level to further reduce work pressures, phase in the new streamlining measures and, more generally, cope with business uncertainties and unanticipated demands. This robust prioritization effort implies difficult trade-offs and the willingness to cut lower-priority activities in order to create space for new initiatives. For FY 17–18, as a baseline assumption, a flat real budget envelope as well. Against the backdrop of a robust income position, the Fund’s medium-term budget formulation is guided primarily by considerations of prudence and credibility. The medium-term spending path will depend on new demands placed on the institution, and the scope for further reprioritization, and will be reassessed in the context of the FY 17–19 budget.
Book Synopsis FY2015-FY2017 Medium-Term Budget by : International Monetary Fund
Download or read book FY2015-FY2017 Medium-Term Budget written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-01-04 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proposed FY 15–17 Medium-Term Budget (MTB) was formulated within the Fund’s strategic planning framework to align allocation of resources to the delivery of institutional priorities.
Author :International Monetary Fund. Office of Budget and Planning Publisher :International Monetary Fund ISBN 13 :1498342086 Total Pages :25 pages Book Rating :4.4/5 (983 download)
Book Synopsis FY2014-FY2016 Medium-Term Budget by : International Monetary Fund. Office of Budget and Planning
Download or read book FY2014-FY2016 Medium-Term Budget written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2013-03-28 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proposed FY 14–16 Medium-Term Budget was formulated within the Fund’s strengthened strategic planning framework and seeks to align the allocation of resources to the delivery of institutional priorities. Despite the additional resources that have been provided to meet crisis demands, crisis related work and overall work pressures remain elevated. At the same time, available resources are not being fully utilized. Therefore, the budget strategy—instead of asking for further additional resources—is geared toward making more efficient use of existing resources to reduce work pressures and meet new demands.
Author :International Monetary Fund. Office of Budget and Planning Publisher :International Monetary Fund ISBN 13 :1498340741 Total Pages :27 pages Book Rating :4.4/5 (983 download)
Book Synopsis FY2013-FY2015 Medium-Term Budget by : International Monetary Fund. Office of Budget and Planning
Download or read book FY2013-FY2015 Medium-Term Budget written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2012-03-29 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The FY 13–15 Medium-Term Budget presented in this paper reflects the following main features: Unchanged administrative budget in real terms for FY 13. Overall spending (structural plus crisis/temporary) will be kept unchanged in real terms in FY 13 relative to the FY 12 budget (excluding the one-off additional cost of the 2012 Annual Meetings in Tokyo).Broadly unchanged administrative envelope in nominal terms for FY 13. This reflects the impact of the Executive Board’s decision in March to grant no increase in the staff salary structure in the context of the 2012 Compensation Review. The “structure increase” is the main component in the budget deflator applied to map the real total envelope into nominal terms. A capital budget dominated by the impact of the HQ1 Renewal Program. The final appropriation for this project, approved by the Executive Board in March 2011, is reflected in the proposed capital budget for FY 13.
Book Synopsis Guidelines for Public Expenditure Management by : Mr.Jack Diamond
Download or read book Guidelines for Public Expenditure Management written by Mr.Jack Diamond and published by International Monetary Fund. This book was released on 1999-07-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.
Book Synopsis A New Rule for Setting the Margin for the Basic Rate of Charge by : International Monetary Fund. Finance Dept.
Download or read book A New Rule for Setting the Margin for the Basic Rate of Charge written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2011-11-22 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: In April 2008, the Executive Board adopted a package of measures to reform the Fund’s income model. This followed an intensive work program building on the recommendations of an independent committee appointed by the Managing Director to study options for sustainable long-term financing for the Fund. The resulting new income model aims to broaden the Fund’s income sources and reduce its reliance on lending income as the primary source of revenue. This new model includes: (i) creating an endowment funded with the profits from a limited sale of the Fund’s gold holdings; (ii) expanding the Fund’s investment authority to enhance the expected return on the Fund’s investments; and (iii) resuming the practice of reimbursing the General Resources Account (GRA) for the cost of administering the PRG Trust
Author :International Monetary Fund. Office of Budget and Planning Publisher :International Monetary Fund ISBN 13 :1498345859 Total Pages :41 pages Book Rating :4.4/5 (983 download)
Book Synopsis FY2017-FY2019 Medium-Term Budget by : International Monetary Fund. Office of Budget and Planning
Download or read book FY2017-FY2019 Medium-Term Budget written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2016-03-25 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The net administrative budget for FY2017 has been set at US$1,072.5 million. After four years of zero real growth, the FY 2017 budget includes an increase of 1⁄2 percent in constant dollar terms to cover the institution’s rising IT and physical security costs, as well as a small adjustment for increases in the salary structure and in the costs of non-personnel expenses. The budget envelope also entails reallocation measures of 1.5 percent of resources and institution-wide savings to meet new high priority tasks and commitments to the membership. The FY2017 capital budget, set at US$60.5 million, provides financing for new capital projects for building facilities and IT.
Book Synopsis Review of the Fund's Income Position for FY 2012 and FY 2013-14 by : International Monetary Fund. Finance Dept.
Download or read book Review of the Fund's Income Position for FY 2012 and FY 2013-14 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2012-12-04 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the Fund’s income position for FY 2012 and FY 2013?14.1 The paper updates projections provided at the FY 2012 midyear review and proposes decisions for the current and next two financial years. These decisions include setting the margin for the rate of charge under the new Rule I-6(4) that the Executive Board adopted in December 2011.2 The new rule is based on principles endorsed by the Executive Board in April 2008 and that have guided decisions on setting the margin since FY 2009. Section II reviews the FY 2012 income position and main changes from the midyear projections; Section III makes proposals on the disposition of net income, and placement to reserves; Section IV discusses the margin on the rate of charge for FY 2013?14, the income outlook for that period, and projected burden sharing adjustments; and Section V reviews special charges.
Book Synopsis Review of the Fund's Income Position for FY 2011 and FY 2012 by : International Monetary Fund. Finance Dept.
Download or read book Review of the Fund's Income Position for FY 2011 and FY 2012 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2011-07-04 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the Fund’s income position for FY 2011 and FY 2012. The paper updates projections provided at the FY 2011 midyear review and sets out related proposed decisions for the current and next financial years. A companion paper provides an update on the consolidated medium-term income and expenditure framework.
Book Synopsis Use of Windfall Gold Sale Profits—Further Considerations by : International Monetary Fund. Finance Dept.
Download or read book Use of Windfall Gold Sale Profits—Further Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2011-05-08 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: In April 2011, Executive Directors held a preliminary discussion on the use of the profits of SDR 6.85 billion from the Fund’s limited gold sale. They noted their expectation that at least SDR 4.4 billion of the profits would be placed in an endowment within the Investment Account, and affirmed their support for the 2009 financing package for low-income countries (LICs), including the distribution to the Fund’s membership of up to SDR 0.7 billion from the profits linked to gold sales, with the expectation that most members will return equivalent funds to the Poverty Reduction and Growth Trust (PRGT). There was a wide range of views among Directors on the three main options presented for the windfall of SDR 1.75 billion, but no consensus favoring a single option. The main options presented included use of resources linked to the windfall to boost the capacity of the PRGT, counting the windfall towards precautionary balances, or investing the windfall profits as part of the Investment Account’s endowment. Many Directors indicated that they could support a combination of two or more of the main options.
