The United Nations is running a deficit of $230 million, Secretary General Antonio Guterres said on Monday, and may run out of money by the end of October. In a letter intended for the 37,000 employees at the UN secretariat and obtained by CBS News’ Pamela Falk, Guterres said unspecified “additional stop-gap measures” would have to be taken to ensure salaries and entitlements are paid.
“Member States have paid only 70 percent 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.
To cut costs, Guterres mentioned postponing conferences and meetings and reducing services, while also restricting official travel to only essential activities and taking measures to save energy.
A little bit of good news
- Sangersteve
- Posts: 8502
- Joined: Sun May 25, 2014 3:27 pm
A little bit of good news
Can we start the eviction process now?
It's a joke son,I say a joke
Re: A little bit of good news
And giving billions to the U.N. will fix global warming?
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- Posts: 880
- Joined: Mon May 26, 2014 2:37 pm
Re: A little bit of good news
Try getting some of the many nations that only pay a small portion of what they owe each year to pay up. This should be a easy fix if this happens, but of course it won't.
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