UN Secretary-General Proposes Drastic Budget Cuts

UN Secretary-General Proposes Drastic Budget Cuts Amidst Severe Cash CrisisThe United Nations Secretary-General, Antonio Guterres, has proposed a significant reduction in the organizations core budget for the next year, aiming to cut five hundred seventy-seven million dollars and eliminate over eighteen percent of jobs. This move comes as the UN faces a severe cash crisis, largely due to unpaid dues, particularly from the United States. The UN ended last year with seven hundred sixty million dollars in arrears, with seven hundred nine million still outstanding from that year alone. Additionally, the UN has not yet received eight hundred seventy-seven million dollars in dues for the current year, bringing the total arrears to a staggering one billion, five hundred eighty-six million dollars. Guterres has proposed a core budget of three point two three eight billion dollars for the year two thousand twenty-six, which is a fifteen percent reduction compared to this year. He emphasized that liquidity remains fragile, and this challenge will persist due to the unacceptable volume of arrears. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.