IMF Finances

The IMF's Budget and the Medium-Term Framework

Public Information Notice: IMF Executive Board Approves the FY 2005 Administrative and Capital Budgets
June 16, 2004

Annual Report of the Executive Board

The FY 2005 Budget and the Medium-Term Framework

Prepared by the Office of Budget and Planning
Approved by Barry H. Potter

April 1, 2004

Use the free Adobe Acrobat Reader to view the full text (160 k pdf file).

Contents

Acronyms

Executive Summary

I.	FY 2004 Administrative Budget and Projected Outturn
	A.	Overview
	B.	Outputs
	C.	Expenditures by Input Categories
	D.	Reimbursements
	E.	In-Year Adjustments, Redeployment, and Savings

II.	FY 2005 Administrative Budget and the Medium-Term Expenditure Framework
	A.	The Top-Down Constraint
	B.	Priorities and Plans
	C.	FY 2005 Administrative Budget by Output
	D.	FY 2005 Administrative Budget by Input
	E.	Risks
	F.	The FY 2005 Administrative Budget Proposal
	G.	The Medium-Term Expenditure Framework

III.	FY 2005 Capital Budget and the Medium-Term Capital Plan
	A.	Overview
	B.	A Longer-Term Perspective on the Capital Budget
	C.	The Medium-Term Capital Plan and Expenditures
	D.	The FY 2005 Capital Budget

IV.	The Effect of the Budget on the Fund's Net Income Position
	A.	Impact of the Proposed Budget on the Rate of Charge
	B.	Expense Reimbursements

V.	Draft Decisions

Tables
1.	Administrative Budget and Outturn Expenditures, FY 1998-FY 2004
2.	Net Administrative Budget by Output, FY 2004-FY 2005
3.	Departmental Business Plans: Selected Activity Indicators, FY 2004-FY 2005
4.	Net Administrative Budget by Inputs, FY 2004
5.	Staff Vacancy Rates, FY 1988-FY 2004
6.	Selected Indicators of Work Pressure: FY 2001-FY 2004
7.	Gross Administrative Budget: Reconciliation with MTEF, FY 2005
8.	Departments' Proposed Adjustment Measures, FY 2005
9.	Planned Staff Redeployment and Additions in FY 2005
10.	Net Administrative Budget by Inputs, FY 2005
11.	Net Administrative Budget: Medium-Term Expenditure Framework (MTEF), FY 2005-FY 2007
12.	Medium-Term Capital Expenditure Plans, FY 2004-FY 2007
13.	Actual and Projected Capital Expenditures, FY 2000-FY 2007
14.	Capital Budget Projects Beginning in FY 2005

Figure
1.	Building Facilities and IT Expenditures, FY 1994-FY 2010

Boxes
1.	Further Budget Reforms
2.	The Impact of the Board's Decision on Staff Compensation on the Salary Bill
3.	Monitoring Travel Volumes and Prices
4.	Area Department Restructuring
5.	The Impact of the Expanded AML/CFT Initiative on the FY 2005 Budget
6.	The Fund's Mission Statement
7.	The Reorganization of the African Department
8.	Alignment of Departmental Business Plans to Fund's FY 2005 Priorities
9.	"Ready Reckoners" for Illustrative Changes in Primary Outputs
10.	Administrative Reviews
11.	HQ2 Project
12.	The Fund's Capital Budget: An Overview