FY2025–FY2027 Medium-Term Budget

May 10, 2024

Preview Citation

Format: Chicago

FY2025–FY2027 Medium-Term Budget, (USA: International Monetary Fund, 2024) accessed November 12, 2024

Summary

The Executive Board of the International Monetary Fund approved the 2025-27 financial years (FY25-27) medium-term budget. While the global economy has shown resilience to successive adverse shocks, the overall global economic context remains complex with slow and uneven growth, increased fragmentation, deepening divergence, and still high interest rates despite easing inflationary pressures. Against this backdrop, the FY25-27 budget continues to be guided by principles of agility and budget discipline, reinforced by ongoing reprioritization and savings capture. It also builds on strong cooperation with other institutions, ensuring the Fund continues to focus on areas within its mandate, even as it addresses new demands. Work to strengthen internal operations also continue, focusing on both efficiency and effectiveness in meeting changing needs in the post-pandemic workplace, where rapid technological changes are underway. With significant demands within a constrained budget environment, the budget reflects difficult tradeoffs.

Subject: Budget planning and preparation, Capital budget, Expenditure, Monetary policy, Political economy, Public financial management (PFM)

Keywords: A. budget overview, Budget agility, Budget envelope, Budget framework, Budget planning and preparation, Budget remain, Budget resource, Capital budget, Financial support, Global, I. budget process overview, Medium-term budget, OBP, Sub-Saharan Africa

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2024/024
Stock No:

PPEA2024024
ISBN:

9798400275760
ISSN:

2663-3493

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