The Budget and Management Committee (BMC) advises the Senior Officials' Meeting (SOM) on budgetary, administrative and managerial issues. Its key responsibility is to prepare the budget for APEC and approve and recommend APEC funding for projects.

The BMC also monitors and evaluates APEC's project management systems. It takes decisions and makes recommendations to senior officials to improve project efficiency and effectiveness. It also works closely with APEC's other committees to ensure projects remain relevant to APEC's core goals and objectives.

To find out more about APEC projects, please click here.

The BMC had its second meeting on 20 August 2024 in Lima, Peru. The BMC is overseeing the implementation of the Secretariat’s Process Modernisation Initiative, including the development and implementation of the APEC Project Administration System (APAS) to support automation of APEC project processes; and the implementation of the APEC Knowledge Management System (KMS).