Financial Statements of the OECD as of 31 December 2019


The OECD is governed by a Council composed of representatives of all the Member countries. The Council appoints the Secretary-General for a term of five years.

The Organisation is funded primarily by assessed and voluntary contributions from its member countries, within the framework of a biennial Programme of Work and Budget.

Through the Budget, the Council accords the necessary commitment authorisation and makes the necessary appropriations for the functioning of the Organisation and the delivery of its agreed output results. It determines the amount of assessed contributions to be paid by members after taking into account other resources of the Organisation. All the OECD member countries fund the 'Part I' Budget (M EUR 202.5 in 2019), which accounts for 53% of the overall Budget (M EUR 385 in 2019). Their scale of contributions are based on both a proportion that is shared equally and a scale proportional to the relative size of their economies.

Part II programmes are funded according to a scale of contributions or other agreements among the participating countries. Part II budgets (M EUR 104.8 in 2019) include, in some programmes, a significant number of non-member participants in addition to those member countries participating in those programmes. The other main Budget items are pensions (M EUR 63.5 in 2019) and publications (M EUR 12.4).

The approval of the Budget by Council empowers the Secretary-General, subject to any special conditions established by Council:

  • to commit and authorise expenditures and to make all payments to be borne by the Organisation, for the purposes assigned and within the limits of the appropriations or the commitment authority
  • to receive the income entered in the Budget, together with any other resources accruing to the Organisation in respect of its programme of work

The OECD is entitled to diplomatic privileges and immunities, as are officials and member country representatives. The OECD is exempt from paying taxes related to its operating revenue and expenses.

The Organisation prepares annual Financial Statements in accordance with IPSAS.

Independent external auditing of the Organisation’s accounts and financial management is performed by a Supreme Audit Institution of an OECD Member Country, appointed by the Council. It certifies the financial statements and reviews the Budget results and the outcome of the performance audits. The Council, in the light of this certification and comments, discharges the Secretary-General from all liability in respect of his or her administration.


Related documents

Member Countries' Budget Contributions for 2019

Secretary-General's Report to Ministers 2020

Executive Summary of the Performance Audit report on Financial and Organisational Arrangements of the OECD with Non-Member Countries (phase II)

Executive Summary of the Performance Audit Report on the Voluntary Contribution Cost Recovery Policy

Executive Summary of the Performance Audit report on Financial and Organisational Arrangements of the OECD with Non-Member Countries (phase I)

Executive Summary of the Performance Audit report on Decision-making process in reference to the Planning and Financing of Major Infrastructure Projects


Related Documents