IMF Executive Board Approves FY2019–FY2021 Medium-Term Budget
IMF News, May 11, 2018
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- IMF Executive Board Approves FY2019–FY2021 Medium-Term Budget
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Bibliographic details
- Published: May 11, 2018
Approval and timing
- On April 25, 2018, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for financial year (FY) 2019, beginning May 1, 2018, and took note of indicative budgets for FY2020–21.
- Press Release No. 18/171 dated May 11, 2018.
FY2019 net administrative budget
- The net administrative budget for FY2019 has been set at US$1,135 million.
- Definition: covers all administrative expenses less receipts (primarily from external sources to help support capacity building activities and excluding lending income).
Real-term posture, reallocations, and savings
- The FY2019 budget represents an unchanged resource envelope in real terms for the seventh year in a row.
- Exception: a small (0.6 percent) increase in FY2017 to meet rising cyber and physical security costs.
- To enable maintenance of a flat budget while accommodating new institutional priorities, reallocation and savings measures amounting to 2½ percent of the previous year’s budget are planned for implementation.
Price adjustment
- The nominal dollar budget includes an adjustment to accommodate price increases, 2.3 percent for FY2019.
FY2019 capital budget
- The FY2019 capital budget is set at US$71 million.
- Purpose: provides financing for new capital projects for building facilities and IT.
Additional information and contacts
- Additional information can be found in the staff paper: The FY2019–FY2021 Medium-Term Budget.
- MEDIA RELATIONS — PRESS OFFICER: Andrew Kanyegirire
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
IMF Communications Department