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Fy2014 Fy2016 Medium Term Budget
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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.
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 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 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 2013-04-30 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The medium-term projections of Fund income and precautionary balances accumulation have been updated since the April 2012 projections. The overall income outlook remains positive with continued high lending income expected in the medium-term. The projections indicate a downward shift in the income path primarily due to lower non-lending income as a result of the low global interest rates and the agreement to phase in investments under the new gold-sales funded endowment. The updated expenditure path has not changed significantly. The projections also illustrate a broad balance between income and expenditures when lending returns to pre-crisis levels. The accumulation of precautionary balances remains strong in the medium-term. The indicative medium-term target of SDR 20 billion is now expected to be reached by FY18–FY19.
Author :International Monetary Fund. Office of Budget and Planning Publisher :International Monetary Fund ISBN 13 :1498346855 Total Pages :51 pages Book Rating :4.4/5 (983 download)
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.
Author :International Monetary Fund. Office of Budget and Planning Publisher :International Monetary Fund ISBN 13 :1513545817 Total Pages :92 pages Book Rating :4.5/5 (135 download)
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.
Book Synopsis Review of the Fund’s Income Position for FY 2013 and FY 2014 by : International Monetary Fund. Finance Dept.
Download or read book Review of the Fund’s Income Position for FY 2013 and FY 2014 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2013-04-30 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the Fund’s income position for FY 2013 and FY 2014. The paper updates projections provided at the FY 2013 midyear review and proposes decisions for the current and next financial year. The paper includes a comprehensive review of the Fund’s income position as required under the new Rule I-6(4) adopted in December 2011 (see Box 1). Based on this review, no change in the margin for the rate of charge is proposed. The paper is structured as follows: The first section reviews the FY 2013 income position and the main changes from the midyear projections; the second section makes proposals on the disposition of FY 2013 net income, and placement to reserves; the third section discusses the margin on the rate of charge for FY 2014, updates the income projections, and reviews the projected burden sharing adjustments; and the last section reviews special charges.
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 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.
Author :International Monetary Fund. Office of Budget and Planning Publisher :International Monetary Fund ISBN 13 : Total Pages :65 pages Book Rating :4.4/5 (2 download)
Book Synopsis FY2024-FY2026 Medium-Term Budget by : International Monetary Fund. Office of Budget and Planning
Download or read book FY2024-FY2026 Medium-Term Budget written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2023-06-02 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: FY2024-FY2026 Medium-Term Budget
Book Synopsis FY2019-FY2021 Medium-Term Budget by : International Monetary Fund. Finance Dept.
Download or read book FY2019-FY2021 Medium-Term Budget written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-05-11 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The FY 19 budget proposal is formulated against the backdrop of a strengthening global recovery and broadly balanced near term risks. The budget reflects a solid income position and a multi-year strategic agenda—operationalized in the Global Policy Agenda (GPA) and Board Work Program—to help members take advantage of the current cyclical upswing to bolster growth, harness the benefits of technology for all, while promoting resilience and responding swiftly to requests for program support. The net administrative budget for FY 19 remains unchanged in real terms, save for the extra customary travel allocation for Annual Meetings held abroad. This represents the seventh year in a row of flat real budget envelopes (excluding the 1⁄2 percentage point security related increase in FY 17). The proposal reflects reallocations of some 21⁄2 percent of the net budget. As the expected FY 18 outturn is just below the approved budget, carry-forward resources equivalent to 4 percent of the net budget from earlier years would still be available. Of these, roughly one half ($19 million) has been allocated upfront in the FY 19 budget process. The impact of savings and demands on the Fund’s overall output structure is modest. Fund-financed structural resources are projected to shift slightly from global oversight towards multilateral surveillance as a net result of reallocations from completed to new policy work and reviews, in line with the Board Work Program. Fund-financed country work—bilateral surveillance, lending and capacity development—falls somewhat. Externally financed capacity development (CD) is expected to grow further. Support and governance areas continue to experience structural pressures. The same level of real resources is assumed over the medium-term. However, with medium-term risks to the economic outlook still on the downside, were upside spending pressures to emerge, the flat real budget stance would require a continued ability to find offsetting savings to meet emerging and unforeseen priorities. The capital budget envelope for FY 19 is broadly unchanged from the assumptions in the FY 18–20 Medium-Term Budget. The amounts for the outer years are indicative."
Author :International Monetary Fund. Office of Budget and Planning Publisher :International Monetary Fund ISBN 13 : Total Pages :63 pages Book Rating :4.4/5 (2 download)
Book Synopsis FY2025–FY2027 Medium-Term Budget by : International Monetary Fund. Office of Budget and Planning
Download or read book FY2025–FY2027 Medium-Term Budget written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2024-05-10 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Executive Board of the International Monetary Fund approved the 2025-27 financial years (FY25-27) medium-term budget. While the global economy has shown resilience to successive adverse shocks, the overall global economic context remains complex with slow and uneven growth, increased fragmentation, deepening divergence, and still high interest rates despite easing inflationary pressures. Against this backdrop, the FY25-27 budget continues to be guided by principles of agility and budget discipline, reinforced by ongoing reprioritization and savings capture. It also builds on strong cooperation with other institutions, ensuring the Fund continues to focus on areas within its mandate, even as it addresses new demands. Work to strengthen internal operations also continue, focusing on both efficiency and effectiveness in meeting changing needs in the post-pandemic workplace, where rapid technological changes are underway. With significant demands within a constrained budget environment, the budget reflects difficult tradeoffs.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :International Monetary Fund ISBN 13 :1484368614 Total Pages :53 pages Book Rating :4.4/5 (843 download)
Book Synopsis Qatar by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Qatar written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2014-05-06 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2014 Article IV Consultation highlights that Qatar’s macroeconomic performance has remained strong. GDP growth slowed from 13 percent in 2011 to 6.2 percent in 2012, mostly owing to the self-imposed moratorium on additional hydrocarbon production from the North Field. Growth was 6.5 percent in 2013, driven by strong expansion in the nonhydrocarbon sector. The negative spillovers from sluggish global growth and financial market volatility have been limited. The baseline macroeconomic outlook is positive. GDP growth could stay at about 6 percent in 2014, with public investments keeping growth at about 6–7 percent over the medium term.
Book Synopsis Liberia by : International Monetary Fund. African Dept.
Download or read book Liberia written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2016-01-08 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Liberia’s Fourth Review Under the Extended Credit Facility (ECF) Arrangement and Requests for Waivers of Nonobservance of Performance Criteria (PC), Modification of PC, and Rephasing and Extension of the Arrangement. The end-June 2014 quantitative PC on government revenues and central bank net foreign exchange position, and one indicative target on net domestic assets were not met. Only three out of seven structural benchmarks for the fourth review were met. Based on the authorities’ corrective actions, the IMF staff supports completion of the delayed fourth ECF review, and the authorities’ request for an extension and re-phasing of the program to end-December 2016.
Book Synopsis Rwanda by : International Monetary Fund. African Dept.
Download or read book Rwanda written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2017-01-10 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Rwanda’s First Review of the Standby Credit Facility (SCF) Arrangement and Sixth Review Under the Policy Support Instrument (PSI), Request for Waiver and Modification of Performance and Assessment Criteria. Performance under the PSI and SCF-supported programs remains on track. Nearly all quantitative program targets and structural benchmarks were respected: two quantitative targets were missed by minor amounts, and one benchmark was delayed. The IMF staff recommends approval of the first review of the SCF arrangement and the sixth review of the program supported by the PCI, as well as the request for waiver of nonobservance of the continuous external arrears criterion, and modification of forthcoming program criteria.
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 The Fund's Capacity Development Strategy--Better Policies Through Stronger Institutions by : International Monetary Fund
Download or read book The Fund's Capacity Development Strategy--Better Policies Through Stronger Institutions written by International Monetary Fund and published by International Monetary Fund. This book was released on 2013-05-21 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines reforms to increase the effectiveness of the Fund’s capacity development (CD) program. It builds on the 2008 and 2011 reviews of technical assistance (TA) and the 2008 review of training, which set in motion important changes to make CD more valuable to member countries. Reforms will involve Board endorsement in a few areas and implementation by staff of related next steps.
