## FY2016 - Output Cost Estimates and Budget Outturn Paper

_Policy Papers, July 21, 2016_

## Source details

**Canonical URL:** [FY2016 - Output Cost Estimates and Budget Outturn Paper](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fy2016-output-cost-estimates-and-budget-outturn-paper-pp5060)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/fy2016-output-cost-estimates-and-budget-outturn-paper-pp5060/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/fy2016-output-cost-estimates-and-budget-outturn-paper-pp5060/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/fy2016-output-cost-estimates-and-budget-outturn-paper-pp5060/bundle-manifest.json)

## Bibliographic details
- Published: July 21, 2016
- Series: Policy Papers

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### 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*

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## Content in this bundle

- **FY2016: Outturn Cost Estimates and Budget Outturn Paper; IMF Policy Paper; August 2016**
  - [FY2016: Outturn Cost Estimates and Budget Outturn Paper; IMF Policy Paper; August 2016 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2016/_082216.pdf.md){rel="alternate" type="text/markdown"}
  - [FY2016: Outturn Cost Estimates and Budget Outturn Paper; IMF Policy Paper; August 2016 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2016/_082216.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fy2016-output-cost-estimates-and-budget-outturn-paper-pp5060_