FY2016 - Output Cost Estimates and Budget Outturn Paper
Policy Papers, July 21, 2016
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Bibliographic details
- Published: July 21, 2016
- Series: Policy Papers
Executive summary and strategic context
- Operating within a flat real budget envelope, the Fund delivered on the priorities and initiatives laid out in the Global Policy Agenda and Management’s Key Goals (MKGs).
- Resource pressures were addressed via implementation of streamlining initiatives, strategic reallocation of resources towards higher priority areas, and careful budget management.
- In terms of outputs, spending in FY 16 continued the shift from crisis management to crisis prevention, in line with the MKGs.
Outputs and activity shifts
- Output shifted moderately from multilateral surveillance and oversight of the global system to bilateral surveillance and capacity development.
- Lending activity expenditure remained broadly unchanged.
- Average country spending was broadly aligned with assessment of risk.
Net administrative budget outturn and year-on-year change
- Net administrative budget outturn in FY 16: $1,038 million.
- Approved budget for FY 16: $1,052 million.
- The modest underspend reflects the preservation of the contingency reserve and lower-than-planned travel expenditure.
- Relative to FY 15, higher budget execution led to a small real (0.8 percent) year-on-year increase in net expenditures.
Capital expenditures and major projects
- Total capital expenditures recorded in FY 16: $131 million.
- Available appropriations for capital: $435 million.
- HQ1 Renewal expenses made up 70 percent of the spending.
Operational responses and resource management
- Addressed resource pressures through:
- Implementation of streamlining initiatives.
- Strategic reallocation of resources towards higher priority areas.
- Careful budget management, including preservation of the contingency reserve and reduced travel expenditure.
FY2016 - Output Cost Estimates and Budget Outturn Paper, July 21, 2016
Content in this bundle
- FY2016: Outturn Cost Estimates and Budget Outturn Paper; IMF Policy Paper; August 2016