Budget and finance

We also derive a small amount of income from other sources such as investments and renting out our meeting rooms. Our budget also benefits from staff assessment, a system of internal taxation paid by our staff who are classified as international civil servants.

Every year, our budget document sets out our work plan over the coming 12 months. It shows as clearly as possible what our Members and donors can expect from the work that they fund.

It also gives details on the relative positions of men and women and the resources given to gender issues and activities, in line with our commitment to being a gender-equal organization.

We systematically include environmental factors in our budget - acknowledging our own greenhouse gas emissions and offsetting the impact of our carbon footprint. We have been doing this since 2008 in line with our wider commitment to protecting our planet.

We have a Sub-Committee on Finance which acts as an advisory body to our Executive Committee. It reviews and makes recommendations on financial matters and guides the annual budget process.

All our budgeting and financial processes are transparent. Our Financial Regulations are approved and amended by our Governing Council, which also validates our annual financial results prepared in accordance with our accounting policies.  We have a system of internal accounting controls established to accomplish our objectives while managing risks, safeguarding assets and ensuring that our financial reporting is reliable and accurate.

Our financial statements are compliant with the International Public Sector Accounting Standards and are audited annually by an external auditor. Our internal auditors also review our financial statements. All our staff sign our fraud and corruption prevention policy. 

Consolidated budgets

2022 Approved Consolidated Budget
2021 Approved Consolidated Budget
2020 Approved Consolidated Budget  
2019 Approved Consolidated Budget
2018 Approved Consolidated Budget
Addendum to 2017 Approved Consolidated Budget
2017 Approved Consolidated Budget
2016 Consolidated Budget
2015 Consolidated Budget
2014 Consolidated Budget

Financial statements

Financial results for 2020
Financial results for 2019
Financial results for 2018
Financial results for 2017
Financial results for 2016
Financial results for 2015
Financial results for 2014

The IPU is committed to high ethical standards, transparency and accountability to all internal and external stakeholders, including its Member Parliaments, personnel, beneficiaries, donors and cooperating partners. The IPU has a zero tolerance policy for fraud and corruption practices.