Budget Shortfall: Guterres Says U.N Facing Worst Financial Crisis In 10 Years - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
October 9, 2019
The United Nations, UN Secretary-General AntonioGuterres says the organisation is facing a severe paucity of funds, the worstin nearly ten- years.
Guterres told Member States that the organisation runsthe risk of depleting its liquidity reserves by the end of the month anddefaulting on payments to staff and vendors.
He said only seventy per cent of the total budgetassessment for 2019, amounting to one point nine billion dollars, had been paidas at the end of September, leaving a balance of one point three billiondollars.
The current figure, according to him, is eight percent lower than the 78 per cent payment recorded in the same period in 2018.
U.N Spokesperson, Stéphane Dujarric quoted him astelling the budget-setting Fifth Committee of the General Assembly that unlessmore Governments pay their annual dues, work and reforms are at risk.
Dujarric told UN correspondents in New York thatalthough 129 out of the one hundred and ninety three Member States had now paidtheir regular annual dues, others needed to pay urgently and in full