The Executive Committee decided to approve the following budget and salary components of the Fund Secretariat, contained in Annex XVI to the present report:
- The revised 2005 budget of the Fund Secretariat totalling US $3,867,547 to cover the 2005 salary component of the budget already approved at the 41st Meeting of the Executive Committee and the operational costs of the Secretariat as well as the cost of the upgrade of a GS post from G5 to G7;
- The revised 2006 salary component of the budget totalling US $2,563,624 with an increase of 0.5 per cent as a result of the upgrade of a GS post from G5 to G7; and
- The proposed 2007 salary component of the budget totalling US $2,676,214.