FY 2022 - FY 2024 Medium-Term Budget

FY 2022 - FY 2024 Medium-Term Budget
Author :
Publisher : International Monetary Fund
Total Pages : 80
Release :
ISBN-10 : 9781513583327
ISBN-13 : 1513583328
Rating : 4/5 (27 Downloads)

Book Synopsis FY 2022 - FY 2024 Medium-Term Budget by : International Monetary

Download or read book FY 2022 - FY 2024 Medium-Term Budget written by International Monetary and published by International Monetary Fund. This book was released on 2021-05-27 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amidst the unfolding COVID-19 crisis, the Fund faces twin challenges. Signs of early crisis recovery are uneven across countries, and many face daunting crisis legacies. At the same time, longer term challenges from climate change, digitalization and increasing divergence within and between countries demand stepped up effort by the Fund within its areas of expertise and in partnership with others. FY 22-24 budget framework. Considering these challenges and following a decade of flat real budgets, staff will propose a structural augmentation for consideration by fall 2021 to be implemented over two to three years beginning in FY 23. Recognizing the importance of ongoing fiscal prudence, the budget would remain stable thereafter on a real basis at a new, higher level. FY 22 administrative budget. The proposed FY 22 budget sustains crisis response and provides incremental resources for long-term priorities within the flat real budget envelope. The budget is built on extensive reprioritization; savings, including from modernization; and a proposed temporary increase in the carry forward ceiling to address crisis needs during the FY 22 to FY 24 period. Capital budget. Large-scale business modernization programs continue to be rolled out, strengthening the agility and efficiency of the Fund’s operations. In response to the shift towards cloud-based IT solutions, staff propose a change in the budgetary treatment of these expenses. Investment in facilities will focus on timely updates, repairs, and modernization, preparing for the post-crisis Fund where virtual engagement and a new hybrid office environment play a larger role. Budget sustainability. The FY 22–24 medium-term budget framework, including assumptions for a material augmentation, is consistent with a projected surplus in the Fund’s medium-term income position and with continued progress towards the precautionary balance target for coming years. Budget risks. In the midst of a global crisis, risks to the budget remain elevated and above risk acceptance levels, including from uncertainty around the level of demand for Fund programs and ensuing staffing needs, as well as future donor funding for CD. Enterprise risk management continues to be strengthened with this budget.


FY 2022 - FY 2024 Medium-Term Budget Related Books

FY 2022 - FY 2024 Medium-Term Budget
Language: en
Pages: 80
Authors: International Monetary
Categories: Business & Economics
Type: BOOK - Published: 2021-05-27 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Amidst the unfolding COVID-19 crisis, the Fund faces twin challenges. Signs of early crisis recovery are uneven across countries, and many face daunting crisis
FY 2021-FY 2023 Medium-Term Budget
Language: en
Pages: 92
Authors: International Monetary Fund. Office of Budget and Planning
Categories: Business & Economics
Type: BOOK - Published: 2020-05-29 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

On April 27, 2020, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for financial year (FY)
Circular No. A-11
Language: en
Pages: 534
Authors: Omb
Categories:
Type: BOOK - Published: 2019-06-29 - Publisher:

DOWNLOAD EBOOK

The June 2019 OMB Circular No. A-11 provides guidance on preparing the FY 2021 Budget and instructions on budget execution. Released in June 2019, it's printed
Budget of the United States Government
Language: en
Pages: 434
Authors: United States. Office of Management and Budget
Categories: Budget
Type: BOOK - Published: 2009 - Publisher:

DOWNLOAD EBOOK

Review of The Fund’s Income Position for FY 2021 and FY 2022
Language: en
Pages: 43
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 2021-05-28 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper updates the projections of the Fund’s income position for FY 2021 and FY 2022 and proposes decisions for the current and next financial year. The F