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We're running out of cash - UN urges member states to pay their dues

We're running out of cash - UN urges member states to pay their dues

- The United Nations has said it is running out on cash and urged member states to pay what they owe

- As of June 30, the core UN budget was said to have a deficit of $139 million

- Out of 193 member states, 112 have so far paid their share of the core budget

The secretary general of the United Nations, Antonio Guterres, has called on member states to pay what they owe as soon as possible, saying that the world body is running out of cash.

Reuters reports that the UN chief stated this in a letter sent to member states on Wednesday, July 25, in which he said that as of June 30, the core UN budget had a deficit of $139 million and the United Nations had “never faced such a difficult cash flow situation this early in the calendar year".

Legit.ng notes that Guterres said: “An organization such as ours should not have to suffer repeated brushes with bankruptcy. But surely, the greater pain is felt by those we serve when we cannot, for want of modest funds, answer their call for help."

The UN General Assembly budget committee was said to have agreed in December 2017 on a $5.4 billion core UN budget for 2018-2019, which US ambassador Nikki Haley said was a cut of $285 million from 2016-2017. UN peacekeeping is said to be funded separately.

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Out of 193 member states, 112 have so far paid their share of the core budget. The United States, a member state responsible for 22 percent of the budget, traditionally pays later because of its budget year.

Ambassador Haley was in the UN in January 2017 to push for a reform of the world body in a bid to cut costs.

She said in December 2018 when the core budget was agreed: “The inefficiency and overspending of the United Nations are well known. We will no longer let the generosity of the American people be taken advantage of or remain unchecked."

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Meanwhile, Legit.ng previously reported that Nigeria paid its regular UN dues for 2018, making it the 74th out of the 193 member states of the global international organisation to fulfill the financial obligations.

The spokesperson for the UN secretary general, Stephane Dujarric, said in New York that Nigeria paid its annual dues in full. She said: said: “Nigeria has paid its regular budget dues in full, bringing the Honour Roll to 74."

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Source: Legit.ng

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