## FY2015 Administrative and Capital Expenses and Output Cost Estimates

_Policy Papers, August 5, 2015_

## Source details

**Canonical URL:** [FY2015 Administrative and Capital Expenses and Output Cost Estimates](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fy2015-administrative-and-capital-expenses-and-output-cost-estimates-pp4977)

## Other formats

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## Bibliographic details
- Published: August 5, 2015
- Series: Policy Papers

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### Administrative expenditure outturn
- Fiscal year: FY2015
- Overall budget utilization rate: 98 percent
- Main drivers:
  - Continued budget discipline within an unchanged envelope
  - New demands and initiatives accommodated through reprioritization and better use of existing resources
  - More efficient personnel management practices
  - Effective reallocation of resources from underutilized areas to areas of emerging pressure

### Outputs and resource allocation
- Fund focus:
  - Addressing global policy challenges
  - Reducing vulnerabilities
- Changes in resource allocation:
  - Resources allocated to multilateral surveillance, oversight of the global systems and capacity development increased
  - Bilateral surveillance and lending declined moderately, in line with easing of crisis-related work
  - Country-level spending reflects a continued shift towards a more risk-based approach, consistent with established priorities

### Capital expenditures
- Main components:
  - Major renovation of the HQ1 building
  - Improvements in information technology infrastructure and security
- Purpose:
  - Better support staff work
  - Protect information assets

### Publication metadata and themes
- 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

*Source: FY2015 Administrative and Capital Expenses and Output Cost Estimates (IMF web landing page).*

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## Content in this bundle

- **_080315**
  - [_080315 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2015/_080315.pdf.md){rel="alternate" type="text/markdown"}
  - [_080315 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2015/_080315.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fy2015-administrative-and-capital-expenses-and-output-cost-estimates-pp4977_