Budgets

Definition

Within the IATI organisation standard three types of budgets can be declared.

These all relate to the specific iati-organisation being described:

• total-budget - total annual planned budget of the iati-organisation.

• recipient-org-budget - budget for disbursements to another organisation.

• recipient-country-budget - budget for each country in which the iati-organisation operates.

Considerations

When using the IATI organisation standard to declare budgets, the following should be considered:

• It is recommended that budgets in the IATI organisation standard are forward-looking.

• It is recommended, where possible, that budgets are presented for the next three financial years.

• When presenting multiple budgets, then the relevant budget element should be repeated accordingly.

• It is possible to report periods other than financial years, but this is not recommended.

• Financial periods are presented using the period-start and period-end dates.

• It is expected that financial years appropriate to the relevant iati-organisation would be described.

• It is strongly recommended that the period-start and period-end of the financial years described for any recipient-country-budget match the budgetary/planning cycle of the recipient-country.

• It is possible to report budget values in multiple currency.

• The default-currency can be set in the iati-organisaton element. Should subsequent budgets be in the same currency then there is no need to restate.

• When declaring a value-date for any budget, this date must be in the past.