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International Monetary Fund
The net administrative budget for FY2017 has been set at US$1,072.5 million. After four years of zero real growth, the FY 2017 budget includes an increase of ½ percent in constant dollar terms to cover the institution’s rising IT and physical security costs, as well as a small adjustment for increases in the salary structure and in the costs of non-personnel expenses. The budget envelope also entails reallocation measures of 1.5 percent of resources and institution-wide savings to meet new high priority tasks and commitments to the membership. The FY2017 capital budget, set at US$60.5 million, provides financing for new capital projects for building facilities and IT.
International Monetary Fund

Requiring More Work/Consultation Enhance TA cost-recovery to ensure a sustainable funding basis A review of the current model will take place in FY 17 Streamline Administrative Back-Office Functions Consultations ongoing with departments Consolidate Risk Work Initial stock-taking completed; work underway on how to consolidate the various strands FY 17–19 Medium-Term Budget Notwithstanding a robust medium-term income position, the Fund, as a public organization, needs to demonstrate prudence in the management of its