United Nation Cash crunch
Published: October 9, 2019
United Nation Secretary-General Antonio Guterres warns that United Nation is facing cash crunch since a decade and now on the risk of defaulting on payments of staff and vendors.
Why cash crunch?
- Most of the nations have not paid their annual dues.
- The United States is the largest contributor – responsible for 22% of the more than $3.3 billion regular budget for 2019.
- The United State is shouldering the burden of the cost of United Nations and pushing for reforms for greater benefits of the world body.
- The United States is responsible for nearly 28% of the peacekeeping budget but has pledged to pay only 25%.
Austerity measures opted:
- Vacant positions should not be filled soon, essential travel is allowed, only essential meeting have to be allowed and rest to be deferred, various structural reforms needed.
- Though U.N. peacekeeping missions are funded by a separate budget, which was $6.7 billion peacekeeping budget for the year to June 30, 2019, and $6.51 billion for the year to June 30, 2020.
The United Nations is an international organization founded in 1945. It is currently made up of 193 Member States. Each of the 193 Member States of the United Nations is a member of the General Assembly. States are admitted to membership in the UN by a decision of the General Assembly upon the recommendation of the Security Council. The main goal of the UN is maintaining worldwide peace and security, developing relations among the nations and solving economic, social, cultural or humanitarian international problems.