GB.340/PFA/INF/1

Programme and Budget for 2020–21: Regular budget account and Working Capital Fund

This paper provides information on the position of 2020–21 income and expenditure as of 31 August 2020. For the eight-month period ending 31 August 2020, contributions received were US$290,216,762 and expenditures recorded were US$227,139,101. In accordance with article 21.2(a) of the Financial Regulations, arrears of contributions received in 2020 were used to fully reimburse the Working Capital Fund and the internal borrowing, to cover the 2018–19 deficit of US$74,504,270. Following the reimbursement of the Working Capital Fund and internal borrowings the excess of expenditure over income as at 31 August 2020 was US$11,426,609 at the budget rate of exchange of 1.00 Swiss franc to the US dollar. In accordance with Financial Regulations, this amount was covered by the Working Capital Fund.