One of our partner organisations recently brought to our attention that for an activity, they are keeping both original and revised budget of the same financial period side by side when preparing their IATI source files.
Their assumption is that - original budget is amended by the revised budget element and can co-exist side by side within an activity whereas our definition is that a revised budget replaces the original one.
According to the IATI standard definition: The purpose of Budget element is to provide predictability for recipient planning on an annual basis. The status explains whether the budget being reported is indicative or has been formally committed.
This definition for activity budget is kind of ambiguous as it does not really specify if an activity can accommodate both the original budget and it’s revised version or just only one of them.
This is creating confusion in DevTracker when calculating the total budget for partner files as the original and the revised amounts are getting summed up into an artificially high value that does not exist in reality.
For DFID, we keep only one of the two and not both which is why this never created confusion internally.
Will be grateful if other members of the community could share their experiences to see if they have encountered this issue and how they resolved it so that we can come to a common understanding of the meaning of “Original” and “Revised” budget figures