You are viewing VERSION 1.05 of IATI Standard Reference View another version
This version is DEPRECATED, v2.03 is the latest version
You are viewing VERSION 1.05 of IATI Standard Reference View another version
This version is DEPRECATED, v2.03 is the latest version
The monetary budgets assigned to a specific iati-activity can be described in the IATI activity standard using the following:
transaction-type - Commitment type can be used to describe the total committed budget for the duration of the activity.
budget - the value of the iati-activity budget for each financial year, as stated in the original project document.
planned-disbursement - a scheduled payment, set up against the budget
Additionally, there are two areas within the IATI activity standard that allow further clarification of budgets:
country-budget-item - alignment of iati-activity with the functional and administrative classifications used in the recipient-country Chart of Accounts.
capital-spend - the percentage of the total commitment that is for capital spending.
These all relate to the specific iati-activity being described.
When using the IATI activity standard to declare budgets, the following should be considered:
It is recommended that budgets are presented in financial years.
When presenting multiple budgets, then the budget element should be repeated accordingly.
It is expected that the financial years for reporting-org are described.
It is possible to report periods other than years, but this is not recommended.
Financial periods can be presented using the period-start and period-end dates.
For planned-dibursement it is valid to only report the period-start as a single date.
It is possible to report budget values in multiple currencies, overriding the default currency set in iati-activity
It is expected that budgets would be described from the reporting-org perspective.
When declaring a value-date for any budget, this date must be in the past.