Majority of central banks increased payment system budget in 2023

Nearly half of central banks say resourcing is not sufficient

Around two-thirds of central banks shored up their payment system department’s annual budget in the past year, data from the Payments Benchmarks 2024 shows.

The sample of 28 respondents shows budgets increased in 18 (64.3%) jurisdictions. The status quo was maintained in six (21.4%) central banks, but the allocation decreased in four (14.3%) institutions.

Budget figures provided by 13 benchmark participants produced an average of $2,318,642. An upper-middle income central bank from the Americas

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