FY2020-OUTPUT COST ESTIMATES AND BUDGET | |||
October 2020 | OUTTURN | ||
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July 30, 2020
FY2020-OUTPUT COST ESTIMATES AND BUDGET OUTTURN
EXECUTIVE SUMMARY
The FY2020 outturn, including the impact of the COVID-19 related crisis late in the year, was in line with expectations reflected in the FY21-23Medium-termBudget and Supplement, as discussed by the Executive Board in April 2020. Unused carry forward funds of $55 million are available-$45 million for general use to meet transitional needs (including $8 million in FY 20 structural underspending), and the remainder for the Offices of Executive Directors (OED) and the Independent Evaluation Office (IEO).
This paper provides more detailed information on the final FY 20 outturn, including an analysis of what was delivered (by output) and the associated expenses (by input).
The report also highlights the shift in the use of resources during the last two months of the fiscal year driven by the COVID-19 related crisis. The immediate crisis response included ramping-up Fund financing to members, adapting financial instruments and facilities, assessing the macroeconomic and financial implications of the crisis, and disseminating policy advice that reflected the impact of the crisis on macroeconomic and financial conditions, while incorporating health and social considerations. At the same time, the Fund addressed operational needs related to business continuity in the context of the work-from-home environment and a travel ban. With uncertainties from the COVID-19 crisis remaining high, the Fund's budget is expected to continue to be affected for some time.
FY2020 OUTPUT COST ESTIMATES AND BUDGET OUTTURN
Approved By | Prepared by the Office of Budget and Planning (OBP) team lead by |
Michele Shannon | Sepideh Khazai and Piyabha Kongsamut under the supervision of |
Gisela Ulmschneider, with contributions from Gillian Adu, | |
Anand Balakrishnan, Rebecca Brofft, Melanie Burke, Raquel Chuayffet, | |
Angeliki Economopoulos, Mercy Alarcon Pinargote, | |
Axel Schimmelpfennig, Anika Shtuni, Justin Tyson, Muriel Vimond, | |
Barrie Williams, and Jiu Hong Zhou. |
CONTENTS
FY2020 HIGHLIGHTS ____________________________________________________________________________ 4
OVERVIEW _______________________________________________________________________________________ 5
SPENDING BY OUTPUTS ________________________________________________________________________ 6
A. Crisis-Impact on Budget Execution_____________________________________________________________ 6
B. Spending by Thematic Category, Relative to Budget ___________________________________________ 7
C. Spending on FY 20 Priority Topics _____________________________________________________________ 8
D. Spending Relative to FY 19 ____________________________________________________________________ 9
SPENDING BY INPUTS _________________________________________________________________________14
A. Details by Major Budget Category ____________________________________________________________ 14
B. Carry Forward _________________________________________________________________________________ 19
CAPITAL SPENDING____________________________________________________________________________20
BOXES
- Spending Patterns by Departments ___________________________________________________________ 11
- Externally Financed Activities and the Fund-Financed Budget_________________________________ 14
FIGURES
- Emergency Financing Cases in FY 20 ___________________________________________________________ 6
- Hours Spent, by Output ________________________________________________________________________ 6
- Change in Spending by Thematic Category, FY 20 vs. FY 19____________________________________ 9
- Change in Spending: Non-Country Work, FY 20 vs. FY 19 _____________________________________ 10
- Average Spending per Country, FY 19 vs FY 20 _______________________________________________ 12
- Average Country Spend by Income Grouping, FY19-20 _______________________________________ 13
- Country Operations by Input, FY19-20Q1-Q4 ________________________________________________ 13
- Trends in Personnel Spending ________________________________________________________________ 15
- Overtime Rate by Grade Group, March and April FY19-20 ____________________________________ 16
- Fund-FinancedSpending on IT, Buildings and Other, FY18-20 ______________________________ 17
2INTERNATIONAL MONETARY FUND
FY2020 OUTPUT COST ESTIMATES AND BUDGET OUTTURN
- Security-relatedSpending, FY18-20 _________________________________________________________ 18
- Available Resources and Use of Carry Forward, FY 20 ________________________________________ 19
- Spending by Main Departments and Offices, FY 20 ______________________________________________ 19
- IT Capital Expenditures, FY 20________________________________________________________________ 20
- Facilities Capital Expenditures, FY 20_________________________________________________________ 22
TABLES
- Overview of Administrative Budget and Expenditures, FY19-20________________________________ 5
- Gross Administrative Fund-Financed Resources by Thematic Categories, FY19-20_____________ 7
- Estimated Non-CD Spending on Priority Topics, FY 20 _________________________________________ 8
- Administrative Budget and Expenditures, Breakdown by Major Expense Category, FY 20 _____ 14
- Travel, FY18-20________________________________________________________________________________ 16
- Travel Metrics by Region, FY18-20 ____________________________________________________________ 17
- Receipts, FY18-20 _____________________________________________________________________________ 18
- Capital Expenditures, FY 20 ___________________________________________________________________ 20
ANNEXES
- Capacity Development_________________________________________________________________________ 23 II. Statistical Tables ______________________________________________________________________________ 31
INTERNATIONAL MONETARY FUND 3
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