Published: Wed, October 09, 2019
Global News | By Blake Casey

United Nations In Financial crisis -UN Secretary

United Nations In Financial crisis -UN Secretary

Yesterday, he indicated that if the world body had not taken the initiative to cut spending since the start of the year, the hole would have been even bigger in October ― possibly US$600 million ― and could have affected last month's General Assembly attended by world leaders.

Subsequent to the end of the 30 day due period (January 31), 95 additional member states paid their 2019 regular budget assessment in full.

Past year it contributed about 22 percent of the UN's annual budget. The U.S. owes around $2.4 million for those missions; though the U.S.is responsible for 28 percent of that budget, the country has promised to pay 25 percent, the minimum amount required by law.

The News Agency of Nigeria (NAN) reports that the United States is missing on the list of Member States that have paid their regular budget assessments as published on the UN website.

The United Nations is running low on liquid assets and may not have enough money to cover staffers' salaries next month, according to Reuters.

"To date this year, we have contributed over $600 million to United Nations peacekeeping operations, and will be providing the vast majority of the $674 million we owe to the 2019 regular budget this fall, as we have in past years", the official said.

"We are now driven to prioritize our work on the basis of the availability of cash, thus undermining the implementation of mandates decided by inter-governmental bodies", said Dujarric's statement.

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United Nations disclosed that 129 States out of 193 have paid their regular annual dues, the most recent being Syria.

Guterres said he introduced extraordinary measures last month to cope with the shortfall - vacant posts can not be filled, only essential travel is allowed, and some meetings may have to be cancelled or deferred.

The UN has a separate budget for peacekeeping operations, which also operates consistently in a deficit mode.

UN Spokesperson Stéphane Dujarric told correspondents in NY that others needed to pay "urgently and in full". Washington now owes some $2.4 billion for peacekeeping missions.

The top contributing countries are Ethiopia, India, Bangladesh, Nepal and Rwanda.

The United Nations says its peacekeeping operations cost less than half of 1 percent of world military expenditures.

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