UN Chief Fears "Brush With Bankruptcy", Urges Members To Send Cash

Having been accused of 'moral bankruptcy' by US officials, The United Nations appears to be heading for fiscal bankruptcy as Reuters reports that chief Antonio Guterres has warned staff that the world body is running out of cash and urged member states to pay what they owe as soon as possible.

Facing a reported  deficit of $139 million, Guterres said in a letter sent to member states that the United Nations had “never faced such a difficult cash flow situation this early in the calendar year.”

As a reminder, U.S. Ambassador Nikki Haley came to the UN in January last year pushing for reform of the world body in a bid to cut costs.

“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,” she said in December, when the core budget was agreed.

But it appears her words were not heeded as Reuters  reports that only 112 out of 193 member states have so far paid their share of the core budget (compared to 116 at the same time last year). China, France, Russia and Britain - the permanent members of the U.N. Security Council along with the United States - are all paid up for 2018.

Guterres wrote:

“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."

“We are running out of cash sooner and staying in the red longer.”

The punishment for non-payment, it can lose its General-Assembly vote.

We wonder which states are not paying up?

Is Trump holding back more than usual? (US traditionally pays later due to its budget year)

Comments

PT PT Thu, 07/26/2018 - 15:01 Permalink

Perhaps they could relocate to China and pay some cheap Chinese labourers to do all their work.  Imagine how much they would save!  No need to take any moar from the rest of us.  They could give us back the savings.
No worries UN, you're welcome!

In reply to by PT

NumberNone PT Thu, 07/26/2018 - 15:24 Permalink

We all know what this is...it's a backhanded swipe at Trump.  He will get the bashing for killing a great institution like the UN.  

However, let's remember that back in 2000 it was Bill Clinton that negotiated a spending cut to the UN and it was celebrated.  In fact here's little Joey (children hair sniffer) Biden commenting:

“Hopefully it won’t be a fight,” a delighted Biden told The Associated Press after today’s consensus was reached. “It’s a great deal. America wins. ... Our standing in the United Nations is improving because of this and our financial obligation is decreasing. That’s a win.”

https://abcnews.go.com/International/story?id=81871&page=1

In reply to by PT

NumberNone PT Thu, 07/26/2018 - 15:24 Permalink

We all know what this is...it's a backhanded swipe at Trump.  He will get the bashing for killing a great institution like the UN.  

However, let's remember that back in 2000 it was Bill Clinton that negotiated a spending cut to the UN and it was celebrated.  In fact here's little Joey (children hair sniffer) Biden commenting:

“Hopefully it won’t be a fight,” a delighted Biden told The Associated Press after today’s consensus was reached. “It’s a great deal. America wins. ... Our standing in the United Nations is improving because of this and our financial obligation is decreasing. That’s a win.”

https://abcnews.go.com/International/story?id=81871&page=1

In reply to by PT

GunnyG Thu, 07/26/2018 - 14:36 Permalink

FUCK YOU! Ban the UN and boot them cocksuckers from our shores. Relocate them to Africa where they belong. Then give NATO a boot in the ass.