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UN funds may run out by the end of this month DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

UN funds may run out by the end of this month

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UN funds may run out by the end of this month Empty UN funds may run out by the end of this month

Post by RamblerNash on Tue Oct 08, 2019 10:41 pm

UN funds may run out by the end of this month

UN funds may run out by the end of this month Doc-P-320969-637061104680950661

2019-10-08 | 01:44

UN Secretary-General Antonio Guterres said the world body was running a $ 230 million deficit and its reserves could be exhausted before the end of October.

Guterres noted that "conferences and meetings could be postponed and a number of services reduced, with official travel restricted to essential activities and energy-saving measures to reduce expenditures during the last quarter of this year."

Commenting on these monetary problems, Guterres said, `` So far, Member States have paid only 70% of the total amount required for activities included in the regular budget for 2019. '' He wrote to Member States on 4 October to explain to them that activities funded by The regular budget is at a critical stage. "
 
Guterres said in his letter that "Member States are responsible for the financial situation of the Organization," pointing to "countries that do not pay their contributions, or defaulted on payment."
 
The UN Secretariat employs some 37,000 people.

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