The UN risks declaring bankruptcy for budget deficit

United Nations staff may not receive their salary this month. The General Secretary of the organization warned member states of the possible consequences of non-payment of their participation.

Antonio Guterres made this statement on Tuesday before the 193 members of the UN General Assembly’s Budget Committee, Al Jazeera reported. The General Secretary also highlighted the sacrifice he had to make to keep the organization afloat since the beginning of the year. Without this work, “we would not have the liquidity to support” the annual gathering of world leaders last month, Guterres said. “This month, we will reach the largest deficit of the decade. We risk… entering November without enough money to cover the staff,” he said. “Our work and our reforms are in danger.”

The United States is the main contributor, accounting for 22% of the regular budget of more than $3.3 billion for 2019, which finances work in the political, humanitarian, disarmament, economic and social affairs and communications fields. Washington owes about $381 million for previous budgets and $674 million for the 2019 regular budget, says Al Jazeera. U.S. President Donald Trump said Washington was bearing an unfair burden of UN costs and had advocated reforms of the global body. António Guterres is working to improve UN operations and reduce costs.

Leave A Reply

Your email address will not be published.

In The News Feed

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More