April 22, 2019
On April 5, 2019, the Executive Board approved the IMF’s administrative and capital budgets for FY 2020, beginning May 1, 2019, and took note of indicative budgets for FY2021–22.
", "publishDate": "2019-04-22", "sections": [ { "heading": "Summary of board action and timing", "content": "- On April 5, 2019, the Executive Board approved the IMF’s administrative and capital budgets for financial year (FY) 2020, beginning May 1, 2019, and took note of indicative budgets for FY2021–22.\n- Press Release No. 19/122\n- Date on page: April 22, 2019" }, { "heading": "FY2020 administrative budget: key figures and context", "content": "- Net administrative budget for FY2020: US$1,158 million.\n- The FY2020 budget represents an unchanged resource envelope in real terms for the eighth year in a row, measured relative to the IMF’s budget deflator, except for a small (0.6 percent) increase in FY2017 to meet rising cyber and physical security costs.\n- The nominal dollar budget includes an adjustment to accommodate price increases: 2.6 percent for FY2020.\n- To accommodate priority shifts within unchanged resources, reallocation and savings measures amounting to 3 percent of the previous year’s budget are planned for implementation." }, { "heading": "Budget priorities and reallocation", "content": "- Budget priorities for FY2020 include:\n - Increased resources to country work, notably in low-income countries and fragile states.\n - Work on governance and the fight against corruption.\n - Macro-financial surveillance.\n- To fund these priorities within the unchanged real resource envelope, the IMF will implement reallocation and savings measures totaling 3 percent of the previous year’s budget." }, { "heading": "FY2020 capital budget", "content": "- FY2020 capital budget: US$86 million.\n- Purpose: financing for capital projects for building facilities and IT, including major projects to overhaul work practices and introduce modern digital platforms and tools." }, { "heading": "Contact and publication details", "content": "- IMF Communications Department\n- MEDIA RELATIONS\n- PRESS OFFICER: Andrew Kanyegirire\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- Additional information referenced: staff paper URL — https://www.imf.org/en/Publications/Policy-Papers/Issues/2019/04/22/FY2020FY2022-Medium-Term-Budget-46821\n\nSource: IMF press release, April 22, 2019.\n\n---\n\n\n References\n\n- https://www.imf.org/-/media/images/imf/bios/imfboard.jpg\n- The Executive Board\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/Publications/Policy-Papers/Issues/2019/04/22/FY2020FY2022-Medium-Term-Budget-46821\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2019/04/22/pr19122-imf-executive-board-approves-fy2020-fy2022-medium-term-budget" } ], "bullets": [ "[Markdown version](/en/news/articles/2019/04/22/pr19122-imf-executive-board-approves-fy2020-fy2022-medium-term-budget/index.md)", "[Structured JSON version](/en/news/articles/2019/04/22/pr19122-imf-executive-board-approves-fy2020-fy2022-medium-term-budget/index.json)", "[Bundle manifest](/en/news/articles/2019/04/22/pr19122-imf-executive-board-approves-fy2020-fy2022-medium-term-budget/bundle-manifest.json)", "Published: April 22, 2019", "On April 5, 2019, the Executive Board approved the IMF’s administrative and capital budgets for financial year (FY) 2020, beginning May 1, 2019, and took note of indicative budgets for FY2021–22.", "Press Release No. 19/122", "Date on page: April 22, 2019", "Net administrative budget for FY2020: US$1,158 million.", "The FY2020 budget represents an unchanged resource envelope in real terms for the eighth year in a row, measured relative to the IMF’s budget deflator, except for a small (0.6 percent) increase in FY2017 to meet rising cyber and physical security costs.", "The nominal dollar budget includes an adjustment to accommodate price increases: 2.6 percent for FY2020.", "To accommodate priority shifts within unchanged resources, reallocation and savings measures amounting to 3 percent of the previous year’s budget are planned for implementation.", "Budget priorities for FY2020 include:", "To fund these priorities within the unchanged real resource envelope, the IMF will implement reallocation and savings measures totaling 3 percent of the previous year’s budget.", "FY2020 capital budget: US$86 million.", "Purpose: financing for capital projects for building facilities and IT, including major projects to overhaul work practices and introduce modern digital platforms and tools.", "IMF Communications Department", "MEDIA RELATIONS", "PRESS OFFICER: Andrew Kanyegirire", "Phone: +1 202 623-7100", "Email: MEDIA@IMF.org", "Additional information referenced: staff paper URL — https://www.imf.org/en/Publications/Policy-Papers/Issues/2019/04/22/FY2020FY2022-Medium-Term-Budget-46821", "[https://www.imf.org/-/media/images/imf/bios/imfboard.jpg](https://www.imf.org/-/media/images/imf/bios/imfboard.jpg)", "[The Executive Board](https://www.imf.org/external/np/sec/memdir/eds.aspx)", "[Press Releases](https://www.imf.org/en/news/searchnews)", "[PRESS CENTER](http://presscenter.imf.org/)", "[https://www.imf.org/en/Publications/Policy-Papers/Issues/2019/04/22/FY2020FY2022-Medium-Term-Budget-46821](https://www.imf.org/en/Publications/Policy-Papers/Issues/2019/04/22/FY2020FY2022-Medium-Term-Budget-46821)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "alternates": { "markdown": "/en/news/articles/2019/04/22/pr19122-imf-executive-board-approves-fy2020-fy2022-medium-term-budget/index.md", "json": "/en/news/articles/2019/04/22/pr19122-imf-executive-board-approves-fy2020-fy2022-medium-term-budget/index.json", "bundleManifest": "/en/news/articles/2019/04/22/pr19122-imf-executive-board-approves-fy2020-fy2022-medium-term-budget/bundle-manifest.json" }, "generatedAtUtc": "2026-09-25T22:40:56.428Z" }