Front Matter Page
FY2020—OUTPUT COST ESTIMATES AND BUDGET OUTTURN
October 2020
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Front Matter Page
FY2020—OUTPUT COST ESTIMATES AND BUDGET OUTTURN
July 30, 2020
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 FY 21–23 Medium-term Budget 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.
Approved By
Michele Shannon
Prepared by the Office of Budget and Planning (OBP) team lead by 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
OVERVIEW
SPENDING BY OUTPUTS
A. Crisis-Impact on Budget Execution
B. Spending by Thematic Category, Relative to Budget
C. Spending on FY 20 Priority Topics
D. Spending Relative to FY 19
SPENDING BY INPUTS
A. Details by Major Budget Category
B. Carry Forward
CAPITAL SPENDING
BOXES
1. Spending Patterns by Departments
2. Externally Financed Activities and the Fund-Financed Budget
FIGURES
1. Emergency Financing Cases in FY 20
2. Hours Spent, by Output
3. Change in Spending by Thematic Category, FY 20 vs. FY 19
4. Change in Spending: Non-Country Work, FY 20 vs. FY 19
5. Average Spending per Country, FY 19 vs FY 20
6. Average Country Spend by Income Grouping, FY19–20
7. Country Operations by Input, FY19–20 Q1-Q4
8. Trends in Personnel Spending
9. Overtime Rate by Grade Group, March and April FY19–20
10. Fund-Financed Spending on IT, Buildings and Other, FY18–20
11. Security-related Spending, FY18–20
12. Available Resources and Use of Carry Forward, FY 20
13. Spending by Main Departments and Offices, FY 20
14. IT Capital Expenditures, FY 20
15. Facilities Capital Expenditures, FY 20
TABLES
1. Overview of Administrative Budget and Expenditures, FY19–20
2. Gross Administrative Fund-Financed Resources by Thematic Categories, FY19–20
3. Estimated Non-CD Spending on Priority Topics, FY 20
4. Administrative Budget and Expenditures, Breakdown by Major Expense Category, FY 20
5. Travel, FY18–20
6. Travel Metrics by Region, FY18–20
7. Receipts, FY18–20
8. Capital Expenditures, FY 20
ANNEXES
I. Capacity Development
II. Statistical Tables