The United States Owes the UN $ 491 Million

Business » FINANCE | December 6, 2019, Friday // 09:49| Views: | Comments: 0
Bulgaria: The United States Owes the UN $ 491 Million www.pixabay.com

The United States still owes $ 491 million to the UN budget, spokesman for the organization's Secretary General Stephane Dujarric said at a briefing.

"The United States paid off last year's debt and some of this year's, paying 563 million U.S. dollars in the last few weeks," Stephane Dujarric, spokesman for UN Secretary-General Antonio Guterres, told a regular press briefing.

In October, UN Secretary-General Antonio Guterres said that “the Organization is facing a severe financial crisis.  To be more specific, a severe liquidity crisis.  The equation is simple:  without cash, the budget cannot be properly implemented.  For the current biennium, budget implementation is no longer being driven by programme planning, but by the availability of cash at hand.”

The organization has even been forced to downsize some activities and switch to a cost-effective mode of operation at its headquarters in New York.

Total budgetary commitments amount to $ 1.355 billion. At the same time, Dujarric said that 7 countries owe 97% of this amount - the United States, Brazil, Argentina, Mexico, Iran, Israel and Venezuela.

Finance » Be a reporter: Write and send your article
Tags: UN, US, money, budget
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria