{
  "title": "FY2015 Administrative and Capital Expenses and Output Cost Estimates",
  "publication": "Policy Papers, August 5, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fy2015-administrative-and-capital-expenses-and-output-cost-estimates-pp4977",
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  "summary": "The administrative expenditure outturn for FY2015 reflects continued budget discipline, as new demands and initiatives were accommodated through reprioritization and better use of existing resources within an unchanged envelope.",
  "sections": [
    {
      "heading": "Administrative expenditure outturn",
      "content": "- Fiscal year: FY2015\n- Overall budget utilization rate: 98 percent\n- Main drivers:\n  - Continued budget discipline within an unchanged envelope\n  - New demands and initiatives accommodated through reprioritization and better use of existing resources\n  - More efficient personnel management practices\n  - Effective reallocation of resources from underutilized areas to areas of emerging pressure"
    },
    {
      "heading": "Outputs and resource allocation",
      "content": "- Fund focus:\n  - Addressing global policy challenges\n  - Reducing vulnerabilities\n- Changes in resource allocation:\n  - Resources allocated to multilateral surveillance, oversight of the global systems and capacity development increased\n  - Bilateral surveillance and lending declined moderately, in line with easing of crisis-related work\n  - Country-level spending reflects a continued shift towards a more risk-based approach, consistent with established priorities"
    },
    {
      "heading": "Capital expenditures",
      "content": "- Main components:\n  - Major renovation of the HQ1 building\n  - Improvements in information technology infrastructure and security\n- Purpose:\n  - Better support staff work\n  - Protect information assets"
    },
    {
      "heading": "Publication metadata and themes",
      "content": "- Publication date on page: August 5, 2015\n- Subjects listed: Financial year; Fund administrative budget; Fund capital budget; Information technology; Office space; Personnel; Security arrangements; Travel\n\nSource: FY2015 Administrative and Capital Expenses and Output Cost Estimates (IMF web landing page).\n\n---\n\n Content in this bundle\n\n- 080315\n  - 080315 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 080315 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fy2015-administrative-and-capital-expenses-and-output-cost-estimates-pp4977"
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    "Published: August 5, 2015",
    "Series: Policy Papers",
    "Fiscal year: FY2015",
    "Overall budget utilization rate: 98 percent",
    "Main drivers:",
    "Fund focus:",
    "Changes in resource allocation:",
    "Main components:",
    "Purpose:",
    "Publication date on page: August 5, 2015",
    "Subjects listed: Financial year; Fund administrative budget; Fund capital budget; Information technology; Office space; Personnel; Security arrangements; Travel",
    "**_080315**"
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