Sunday, October 7, 2018
"Bankrupt" UN Budget: Who Hasn't Paid Their Dues?
Having been accused of 'moral bankruptcy' by US officials, The UN appears to be heading for fiscal bankruptcy as, earlier this summer, UN chief Antonio Guterres has warned staff that the world body's running out of cash and urged member states to pay what they owe as soon as possible.
But it appears Guterres' warnings went unheeded by many, as Statista's Sarah Feldman notes that as the United Nations concludes its 2 weeks of annual meetings in New York, some states remain timelier with their annual payments than others.
By the end of the on-time payment period in February, only about a 3rd of countries paid their dues in full.
7 months later about 2 3rds of member states have made their payment to the regular budget. All permanent members have made their full regular payments, except the US.
President Trump has routinely complained about the alleged skewed payment of UN dues system, where the US pays 22% of the overall regular budget. All member states are legally required to make payments to both the regular budget and the peacekeeping budget, 2 separate budgets with 2 different payment calculations. The UN considers gross national income, population and debt burden when coming up with its operational budget.
at 9:46 AM