The Fund’s Income Position for FY 2023— Actual Outcome

This paper reports on the Fund’s income position for FY 2023 following the closing of the Fund’s accounts for the financial year and completion of the external audit.
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Volume/Issue: Volume 2023 Issue 049
Publication date: November 2023
ISBN: 9798400258824
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Topics covered in this book

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Economics- Macroeconomics , Money and Monetary Policy , Political Economy , Income Position , Lending Income , Investment Income , Expenditures , Precautionary Balances , Pension , Reimbursement , IMF's FY , transparency policy , weighted average FY , Gra net income , interest income , pension cost , Income , Budget planning and preparation , Financial statements

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Summary

This paper reports on the Fund’s income position for FY 2023 following the closing of the Fund’s accounts for the financial year and completion of the external audit. Overall net income of the General Department was SDR 1.7 billion, SDR 0.1 billion lower than estimated in April, mainly reflecting a decrease in the remeasurement gain reported under IAS 19 (the accounting standard for employee benefits) offset partly by higher-than-anticipated returns from the investment subaccounts compared with earlier projections.

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