International Monetary Fund. Office of Budget and Planning
in close cooperation with partners.
The Board emphasized the need to continue exercising strict budget discipline through robust savings and reprioritization. At the same time, after a decade of flat real budgets, Executive Directors approved a targetedbudgetaugmentationframework to step up the Fund’s work on longer-term global challenges. The real net administrative budget will increase on average by 2 percent each year during FY23 to FY25 relative to FY22, returning to a flat real budget trajectory thereafter. The new resources are linked to specific
given to departments.
Net administrative expenses are consistent with those estimated in the medium-term budget paper and continue to reflect the Fund’s crisis response. These needs and those emerging from the war in Ukraine will be met by reprioritization and use of carryforward resources. At the same time, and after a decade of flat real budgets, the FY 2023 administrative budget will implement the first phase of the targetedbudgetaugmentationframework for FY 2023-2025 approved by the Executive Board last December to step up the Fund’s work on
This paper updates the projections of the Fund’s income position for FY 2022 and FY 2023–2024 and proposes related decisions for the current financial year. The paper also includes a proposed decision to set the margin for the rate of charge for financial years 2023 and 2024.