This document provides information on the execution of the GCF 2025 administrative budget from 1 January to 31 March 2025 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 of 31 March 2025, total expenditure for the annual administrative budget was USD 27.2 million against the annual budget of USD 134.5 million (20 percent of the approved budget).

The unutilized budget of USD 107.3 million for the annual administrative budget comprises USD 4.1 million for the Board (83 percent of the approved budget), USD 11.8 million for the independent units (83 percent of the approved budget), USD 87.8 million for the Secretariat (79 percent of the approved budget) and USD 3.6 million for the Trustee (75 percent of the approved budget).