This document provides information on the execution of the GCF 2024 administrative budget from 1 January to 31 July 2024 and other additional budgets approved by the Board. The 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 31 July 2024, total expenditure for the annual administrative budget was USD 61.1 million against the annual budget of USD 125.4 million (49 per cent of the approved budget); expenditure for the additional budgets approved by the Board was USD 0.07 million against the additional budget of USD 0.8 million (8 per cent of the approved additional budgets).

The unutilized budget of USD 64.3 million for the annual administrative budget comprises USD 3.9 million for the Board, USD 7.5 million for the independent units, USD 51 million for the Secretariat and USD 1.9 million for the Trustee.