The United Nations is running a deficit of $230 million, Secretary General Antonio Guterres warned on Monday, and may run out of money by the end of October unless world governments immediately meet their financial obligations.
U.S. taxpayers would most likely be hardest hit by any immediate cash injection into the global organization.
The United States is by far the U.N.’s biggest financial contributor, providing 22 percent of its operating budget and funding 28 percent of peacekeeping missions, which currently cost $8 billion annually.
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The next two major contributors are Germany and the U.K.
In a letter intended for the 37,000 employees at the U.N. secretariat and obtained by AFP, Guterres said unspecified, “additional stop-gap measures” would have to be taken to ensure salaries and entitilements are met.
These might include holding fewer meetings and cutting back on travel and associated entitlements.
“Member States have paid only 70 per cent of the total amount needed for our regular budget operations in 2019. This translates into a cash shortage of $230 million at the end of September. We run the risk of depleting our backup liquidity reserves by the end of the month,” he wrote.
Donald Trump has long pushed for reform of the U.N. and just last week warned the “future does not belong to globalists” in a warning to the organization’s leaders:
In December 2017 Nikki Haley, the then United States Ambassador to the organization, announced the federal government had reduced its contribution to the U.N.’s annual budget by $285 million, as Breitbart News reported.
Haley’s statement came after the U.N. voted to condemn the United States for President Donald Trump’s decision to recognize Jerusalem as the capital of Israel. The resolution, backed by nations with long records of extreme human rights abuses, passed 128-9. Haley immediately responded by threatening to reduce America’s U.N. funding.
“The United States will remember this day in which it was singled out for attack in the General Assembly for the very act of exercising our right as a sovereign nation,” Haley told the assembly in New York City.
“We will remember it when we are called upon to once again make the world’s largest contribution to the United Nations and we will remember it when so many countries come calling on us, as they so often do, to pay even more and to use our influence for their benefit.”
“Member States have paid only 70 per cent of the total amount needed for our regular budget operations in 2019
This translates into a cash shortage of $230 million at the end of September.
In December 2017 Nikki Haley, the then United States Ambassador to the organization, announced the federal government had reduced its contribution to the U.N.’s annual budget by $285 million
I see. Members pay less than their fair share but with the United States they only have shortfall prior to the 2017 reduced contribution.
Perhaps if they weren’t sending every refugee to member countries and sucking up their treasury, they might just be able to cough up their dues.
Tighten your belt, UN. We’ve had to suck it up, now it’s your turn.
Good! I don’t want them spending a DIME of my money. In fact, we should kick them out of NYC and turn the site into the Trump Presidentia Library complete with a giant red MAGA hat on top of the building that can be seen for miles. Let’s infuriate NYC leftists… permanently!
Say whatever you want Monte but the fact is the UN is groveling for money and the US isn’t going to bail them out for once. They were the overspend on their budget. Let them go hustle our “allies” who haven’t been paying their fair share to go ahead and contribute. They get more than enough money from the United States.
I’d call that the inability of Congress to pass a budget. You can’t really compare the two though because the UN only exists through the funding provided by other governments. We can easily balance our budget by immediately cutting all entitlements. I bet that would have you screaming bloody murder.
This is the true face of the UN.
It’s the future New World Order government after individual governments (including the US government) are brought to knees.
Hello 1984.
Move it out of NYC to some isolated Island in the middle of the Pacific or Atlantic and let all the little parasite countries feeding off of the developed world get together to fund and operate it.
