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Business and Economics > Budgeting

You are looking at 1 - 10 of 137 items for :

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Cover Policy Papers
FY2020 - Output Cost Estimates and Budget Outturn
International Monetary Fund. Office of Budget and Planning
The paper presents highlights from the FY 2020 budget, followed by a discussion of outputs based on the Fund Thematic Categories and of inputs.
Keywords:
PP; expenditures FY; dollar spending; spending execution; unspent FY 18; digitalization strategy; management fee; Medium-term budget; Budget planning and preparation; Capital spending; Financial Sector Assessment Program; COVID-19; Middle East and Central Asia; Global; Asia and Pacific; Western Hemisphere
Cover Policy Papers
FY 2021-FY 2023 Medium-Term Budget
International Monetary Fund. Office of Budget and Planning
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) 2021, beginning May 1, 2020, and took note of indicative budgets for FY 2022–23.
Keywords:
PP; IMF's budget deflator; budget; capital investment; fund; capital investment framework; work program; fund remains; video conferencing capability; CD operation; budget process; fund member; Budget planning and preparation; Capital budget; Climate change; Global; fund Toolkit; Crisis management
Cover Policy Papers
IMF Policies and Practices on Capacity Development
International Monetary Fund
This statement summarizes the IMF’s policies and practices with regard to the delivery of capacity development (CD) activities. It updates the 2014 Statement on IMF Policies and Practices on Capacity Development and reflects the conclusions of the 2018 Review of the Fund’s Capacity Development Strategy, approved by the Executive Board on November 14, 2018. The purpose of the statement is to consolidate the guiding principles endorsed by the Board with policies and practices that are within the authority of IMF’s management and are followed by staff in carrying out capacity development activities. The statement is expected to be of use to IMF staff, Executive Directors and their staff, country authorities, and donors. It also serves as a point of reference for future reviews of the IMF’s CD activities.
Keywords:
PP; Fund CD; country; Fund; CD activity; delivery
Cover IMF Staff Country Reports
Chile: Technical Assistance Report-Introducing and Institutionalizing Spending Reviews
International Monetary Fund. Fiscal Affairs Dept.
This technical assistance report on Chile focuses on introducing and institutionalizing spending reviews (SR). The Chilean government has announced its commitment to achieving its fiscal target and containing expenditure growth. This report proposes a SR framework with targeted reviews conducted on an annual rolling basis, combined with a periodic comprehensive review at most once every four years. Both types of reviews include targets to identify savings options. Targeted reviews focus on a limited predefined review topic or area and on value for money and efficiency. Comprehensive reviews do not have any predefined review topics; they undertake an unconstrained search for the best saving options. The report sets out a four-stage process for conducting an SR, which would start in September and have final saving decisions made in April or May of the following year. The government will need to announce the topic for the first full targeted review to Congress in September 2019. This review will be conducted in late 2019 and early 2020; the results will be ready in April 2020 in time for incorporation into the process for the 2021 budget.
Keywords:
ISCR; CR; budget process; government property; policy priority; leverage government purchasing power; procurement practice; annual budget; government nonspecialist estate; evaluation system; budget Director; government policy priority; government estate; OECD government; government program; improved government effectiveness; value for money of government program; Budget planning and preparation; Public expenditure review; Fiscal consolidation; Medium-term budget frameworks
Cover IMF Staff Country Reports
Chile: Informe de Asistencia Técnica-Adopción e institucionalización de las revisiones del gasto
International Monetary Fund. Fiscal Affairs Dept.
El Gobierno de Chile ha anunciado que está comprometido a alcanzar su meta fiscal y contener el crecimiento del gasto. El objetivo de la meta fiscal es reducir el déficit estructural en 0,2% del PIB en cada año del mandato presidencial (2018-2021). A fin de alcanzar esa meta, el Gobierno anunció un plan de consolidación cuatrienal para reducir gradualmente el gasto anual, en aproximadamente US$1.100 millones, para lograr un ahorro total de US$4.400 millones durante el período1. El Gobierno ha alcanzado la meta que había fijado para el balance estructural de 2018. Con el objetivo de facilitar la consecución de estas metas en los próximos años, y liberar espacio fiscal para el programa del Presidente, el Gobierno está adoptando una nueva herramienta: las revisiones del gasto (RGs).
Keywords:
ISCR; CR; budget process; government property; policy priority; leverage government purchasing power; procurement practice
Cover Policy Papers
FY2019 - Output Cost Estimates and Budget Outturn
International Monetary Fund. Office of Budget and Planning
The paper presents highlights from the FY 19 budget, followed by a discussion of outputs based on the Fund Thematic Categories and of inputs.
Keywords:
PP; budget; spend; cost; Fund; personnel cost; expenditures FY; fund policy; economic analysis; prudent budget management; policy work; output cost estimate; spending shortfall; office of budget; Budget planning and preparation; Total expenditures; Economic classification; Middle East and Central Asia; Western Hemisphere
Cover IMF Staff Country Reports
Saudi Arabia: 2019 Article IV Consultation-Press Release; and Staff Report
International Monetary Fund. Middle East and Central Asia Dept.
This 2019 Article IV Consultation with Saudi Arabia discusses that reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue. Promoting non-oil growth and creating jobs for Saudi nationals remain key challenges. Non-oil growth is expected to strengthen further this year and over the medium term. Risks to the growth outlook are broadly balanced. The fiscal deficit declined in 2018; however, higher government spending has increased medium-term fiscal vulnerabilities to a decline in oil prices. Fiscal consolidation is needed to reduce these vulnerabilities. The fiscal framework should be further strengthened to help reduce the procyclicality of government spending. Reforms to improve the business environment are proceeding but need to be complemented by efforts to increase the cost competitiveness of Saudi labor. Government support to develop sectors of the economy should crowd in the private sector and be timebound and linked to performance.
Keywords:
ISCR; CR; SDR Department; economy; deficit; growth; private sector; IMF staff calculation; economy well; water price reform; reform agenda; totaling SDR; Oil prices; Budget planning and preparation; Income; Global; Europe; East Asia; Asia and Pacific; East Africa
Cover IMF Staff Country Reports
Saudi Arabia: 2019 Article IV Consultation-Press Release; and Staff Report
International Monetary Fund. Middle East and Central Asia Dept.
Reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue. Promoting non-oil growth and creating jobs for Saudi nationals remain key challenges. Non-oil growth is expected to strengthen further this year and over the medium term. Risks to the growth outlook are broadly balanced.
Keywords:
ISCR; CR; SDR Department; economy; deficit; growth; private sector
Cover Policy Papers
FY2020–FY2022 Medium-Term Budget
International Monetary Fund. Office of Budget and Planning
FY2020–FY2022 Medium-Term Budget
Keywords:
PP; IMF's budget deflator; budget; FY2020-FY2022; dollar budget; business case; risk matrix; CD budget; Budget planning and preparation; Capital budget; Financial Sector Assessment Program; Global
Cover Policy Papers
2018 Review of the Fund's Capacity Development Strategy
International Monetary Fund
Capacity development (CD) is one of the Fund’s three core activities and has grown in importance in recent years. It supports member countries’ efforts to build the institutions and capacity necessary to formulate and implement sound economic policies, thereby complementing the Fund’s surveillance and lending mandates. Member countries, partners, and external commentators give the Fund high marks for the quality of its CD. At the same time, efforts need to continue to strengthen Fund CD to serve members’ current and evolving needs. The 2018 CD Strategy Review examines progress under the Fund’s 2013 CD Strategy and proposes a CD strategy for the next five years. It notes substantial progress in addressing the 2013 recommendations, which included strengthening the CD governance structure, enhancing the prioritization processes, clarifying the funding model, strengthening monitoring and evaluation, promoting greater integration of TA and training, exploiting new technologies for delivery, and leveraging CD as outreach. However, background work for this review also pointed to the need to strengthen the CD framework further. The review builds upon the existing CD strategy, focusing on two mutually reinforcing objectives. First, the impact of Fund CD needs to be increased by further strengthening integration with the Fund’s policy advice and lending operations, while continuing to make progress in framing CD through comprehensive strategies tailored to each member’s needs, capacity, and conditions, focusing on implementation and outcomes. Stronger coordination between CD and the Fund’s other core functions will better connect CD with countries’ risks and vulnerabilities and ensure surveillance and lending integrate lessons from CD more effectively. Second, the efficiency of CD needs to be increased by improving CD processes and systems. This will enhance transparency and strengthen the basis for strategic decision making. Five specific areas of recommendations support the strategy. Likewise, they mitigate institutional risks stemming from the Fund’s CD activities. They include clearer roles and responsibilities for key internal and external stakeholders in the CD process; continued strengthening of prioritization and monitoring; better tailoring and modernization of CD delivery with a focus on implementation of TA recommendations; greater internal consultation and sharing of CD information; and further progress in external coordination, communication, and dissemination of information (Annex I).
Keywords:
PP; director; CD activity; CD policy; leverage CD; evaluation; CD policy statement; CD process; CD delivery; Communications in revenue administration; Budget planning and preparation; Development strategy; Revenue administration transparency and accountability; Capacity utilization; Global; Central Asia and the Caucasus