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:
Commitmenttype can be used to describe the total committed budget for the duration of the activity.
budget- the value of the
budgetfor each financial year, as stated in the original project document.
planned-disbursement- a scheduled payment, set up against the
Additionally, there are two areas within the IATI activity standard that allow further clarification of budgets:
country-budget-item- alignment of
iati-activitywith the functional and administrative classifications used in the
recipient-countryChart 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
budgetelement should be repeated accordingly.
- It is expected that the financial years for
- It is possible to report periods other than years, but this is not recommended.
- Financial periods can be presented using the
planned-dibursementit is valid to only report the
period-startas a single date.
- It is possible to report budget values in multiple currencies, overriding the default currency set in
- It is expected that budgets would be described from the
- When declaring a
value-datefor any budget, this date must be in the past.