The document reports on the execution of the GCF 2021 administrative budget for the period from 1 January to 30 April 2021. Administrative expenditure relates to costs for Board activities, the independent units, the Secretariat and the Trustee. The figures in this document are unaudited.

As at 30 April 2021, total expenditure was USD 19.9 million against the annual budget of USD 93.6 million (21 per cent of the approved budget). These figures do not include commitments, that is the, where contracts have been signed but the services/goods have not been executed/delivered. The commitments are included in the budget execution report when the related services are performed.

The unutilized budget of USD 73.8 million comprises USD 4.1 million for the Board, USD 8.4 million for the independent units, USD 58.8 million for the Secretariat, and USD 2.5 million for the Trustee.