The biennium 2014-2015 marks the end of the first half of the UNEP Medium-Term Strategy for the period 2014-2017 and the implementation of the Programme of Work for 2014-2015. UNEP’s performance review shows that as of December 2015, 70 per cent of expected accomplishments (i.e. planned outcomes) in the Programme of Work for the biennium 2014-2015 had been achieved, and 79 per cent of the targeted indicators had been achieved (see Figures 1 and 2). This result was based on a total expenditure of $795.8 million, 128.6 per cent of the biennium’s projected budget. Income exceeded the projected budget.