FY2019-FY2021 Medium-Term Budget PDF Download
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Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498308805
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
"The FY 19 budget proposal is formulated against the backdrop of a strengthening global recovery and broadly balanced near term risks. The budget reflects a solid income position and a multi-year strategic agenda—operationalized in the Global Policy Agenda (GPA) and Board Work Program—to help members take advantage of the current cyclical upswing to bolster growth, harness the benefits of technology for all, while promoting resilience and responding swiftly to requests for program support. The net administrative budget for FY 19 remains unchanged in real terms, save for the extra customary travel allocation for Annual Meetings held abroad. This represents the seventh year in a row of flat real budget envelopes (excluding the 1⁄2 percentage point security related increase in FY 17). The proposal reflects reallocations of some 21⁄2 percent of the net budget. As the expected FY 18 outturn is just below the approved budget, carry-forward resources equivalent to 4 percent of the net budget from earlier years would still be available. Of these, roughly one half ($19 million) has been allocated upfront in the FY 19 budget process. The impact of savings and demands on the Fund’s overall output structure is modest. Fund-financed structural resources are projected to shift slightly from global oversight towards multilateral surveillance as a net result of reallocations from completed to new policy work and reviews, in line with the Board Work Program. Fund-financed country work—bilateral surveillance, lending and capacity development—falls somewhat. Externally financed capacity development (CD) is expected to grow further. Support and governance areas continue to experience structural pressures. The same level of real resources is assumed over the medium-term. However, with medium-term risks to the economic outlook still on the downside, were upside spending pressures to emerge, the flat real budget stance would require a continued ability to find offsetting savings to meet emerging and unforeseen priorities. The capital budget envelope for FY 19 is broadly unchanged from the assumptions in the FY 18–20 Medium-Term Budget. The amounts for the outer years are indicative."
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498308805
Category : Business & Economics
Languages : en
Pages : 52
Get Book Here
Book Description
"The FY 19 budget proposal is formulated against the backdrop of a strengthening global recovery and broadly balanced near term risks. The budget reflects a solid income position and a multi-year strategic agenda—operationalized in the Global Policy Agenda (GPA) and Board Work Program—to help members take advantage of the current cyclical upswing to bolster growth, harness the benefits of technology for all, while promoting resilience and responding swiftly to requests for program support. The net administrative budget for FY 19 remains unchanged in real terms, save for the extra customary travel allocation for Annual Meetings held abroad. This represents the seventh year in a row of flat real budget envelopes (excluding the 1⁄2 percentage point security related increase in FY 17). The proposal reflects reallocations of some 21⁄2 percent of the net budget. As the expected FY 18 outturn is just below the approved budget, carry-forward resources equivalent to 4 percent of the net budget from earlier years would still be available. Of these, roughly one half ($19 million) has been allocated upfront in the FY 19 budget process. The impact of savings and demands on the Fund’s overall output structure is modest. Fund-financed structural resources are projected to shift slightly from global oversight towards multilateral surveillance as a net result of reallocations from completed to new policy work and reviews, in line with the Board Work Program. Fund-financed country work—bilateral surveillance, lending and capacity development—falls somewhat. Externally financed capacity development (CD) is expected to grow further. Support and governance areas continue to experience structural pressures. The same level of real resources is assumed over the medium-term. However, with medium-term risks to the economic outlook still on the downside, were upside spending pressures to emerge, the flat real budget stance would require a continued ability to find offsetting savings to meet emerging and unforeseen priorities. The capital budget envelope for FY 19 is broadly unchanged from the assumptions in the FY 18–20 Medium-Term Budget. The amounts for the outer years are indicative."
Author: International Monetary Fund. Office of Budget and Planning
Publisher: International Monetary Fund
ISBN: 1513545817
Category : Business & Economics
Languages : en
Pages : 92
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Book Description
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.
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1498311717
Category : Business & Economics
Languages : en
Pages : 109
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Book Description
This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options.
Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 87
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Book Description
A strong post-pandemic recovery and favorable terms of trade have led Australia to a stronger cyclical position than most advanced economies. Tight labor markets reflect the strength of the recovery with labor and skills shortages, although wage growth has remained more subdued than in many other advanced economies. Inflation has risen to significantly above target, prompting decisive monetary policy tightening. Financial conditions have since tightened, and housing prices started declining from their peak.
Author: International Monetary Fund. Secretary's Department
Publisher: International Monetary Fund
ISBN: 1513568817
Category : Business & Economics
Languages : en
Pages : 74
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Book Description
A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
Author: International Monetary Fund. Secretary's Department
Publisher: International Monetary Fund
ISBN: 1513516116
Category : Business & Economics
Languages : en
Pages : 108
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Book Description
This issue of Annual Report discusses that the global economy is at a delicate moment. The expansion of early 2018 has lost momentum, in large part in response to rising trade tensions. There are threats from rising financial vulnerabilities and geopolitical uncertainties. These challenges call for policymakers to avoid missteps and to take the right policy steps: at home, across borders, and globally. In addition to several major reviews looking at IMF conditionality, economic and financial surveillance, and lending facilities, the management has deepened its analysis on trade spillovers and financial stability and are revamping frameworks for debt sustainability assessment in low-income and market access countries. Building on earlier research that showed how trade can boost incomes and living standards by enabling the flow of technology across countries, the October 2018 World Economic Outlook provided illustrative scenarios of the potential impact of escalating trade tensions between the United States and China.
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 81
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Book Description
Economic growth has been volatile since the Covid-19 pandemic, and inflation reached decade-high levels mainly due to higher prices of imported food and energy. High vulnerability to climate change is also intensifying food security concerns. Despite the weak domestic economy, the fiscal and external current accounts posted large surpluses, partly thanks to foreign grants and taxes paid by foreign firms. The high uncertainty around medium-term external financing and economic prospects diminished significantly with the signing of a new Compact of Free Association (COFA) agreement between the FSM and the United States government, which includes larger grants for the next 20 years and will enable much needed public investment and reforms. However, the agreement still needs to be ratified by the US Congress.
Author: Todd Harrison
Publisher:
ISBN: 9781538140239
Category :
Languages : en
Pages : 68
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Book Description
Analysis of the FY 2021 Defense Budget from the CSIS Defense Budget Analysis program provides an in-depth assessment of the Trump administration's request for national defense funding in FY 2021. The analysis addresses overall trends in the defense budget, changes in the FY 2021 request, and issues for Congress and the next administration to consider. It also covers the budgets of the National Nuclear Security Administration and the Space Force.
Author: Citizens Against Government Waste
Publisher: St. Martin's Griffin
ISBN: 146685314X
Category : Political Science
Languages : en
Pages : 212
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Book Description
The federal government wastes your tax dollars worse than a drunken sailor on shore leave. The 1984 Grace Commission uncovered that the Department of Defense spent $640 for a toilet seat and $436 for a hammer. Twenty years later things weren't much better. In 2004, Congress spent a record-breaking $22.9 billion dollars of your money on 10,656 of their pork-barrel projects. The war on terror has a lot to do with the record $413 billion in deficit spending, but it's also the result of pork over the last 18 years the likes of: - $50 million for an indoor rain forest in Iowa - $102 million to study screwworms which were long ago eradicated from American soil - $273,000 to combat goth culture in Missouri - $2.2 million to renovate the North Pole (Lucky for Santa!) - $50,000 for a tattoo removal program in California - $1 million for ornamental fish research Funny in some instances and jaw-droppingly stupid and wasteful in others, The Pig Book proves one thing about Capitol Hill: pork is king!
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498309143
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
"The Fund’s total net income for FY 2018 is projected at about SDR 0.7 billion, broadly in line with the April 2017 estimate. The projections for total lending income are broadly unchanged. Most sources of lending income are lower, reflecting a lower level of credit outstanding as a result of advance repurchases and delayed disbursements. However, projected commitment fee income is higher following the early cancellation of a large FCL arrangement in November 2017. The paper recommends that GRA net income of SDR 0.7 billion for FY 2018 (excluding projected income of the gold sales profits-funded Endowment Subaccount) be placed to the special and general reserve. After the placement of GRA FY 2018 net income to reserves, precautionary balances are projected to reach SDR 17.4 billion at the end of FY 2018. The paper further proposes to transfer currencies equivalent to the increase in the Fund’s reserves from the GRA to the Investment Account. The paper also revisits options for the allocation of net income between the special and general reserve, and proposes that net income be allocated equally between the special and general reserve. In line with the recent Board discussion of a framework for guiding future payouts from the Endowment Subaccount, the paper presents a detailed proposal, which includes delaying payouts for three years to protect the real value of the Endowment. The paper also recommends that the margin for the rate of charge for the period FY 2019–2020 be kept unchanged at 100 basis points. The margin will again be set under the exceptional circumstances clause, as non-lending income continues to be constrained by the low interest rate environment and lending income will be used to finance a portion of the Fund’s non-lending activities. The projections for FY 2019 and FY 2020 point to a net income position of SDR 0.4 billion and SDR 1 billion, respectively. These projections are subject to considerable uncertainty and are sensitive to a number of assumptions."
