World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Report: UN’s Financial Situation ‘Generally Positive’

New York, May 6 2014 7:00PM

UN’s Financial Situation ‘Generally Positive’ Reports Top Management Official

The top United Nations management official reported today that at the end of 2013, the Organization,s financial situation was “generally sound”, but cautioned that the cash flow would get tighter in the final months of 2014, as several major contributors would pay their assessments between October and December.

“As of now, the situation is very positive in all categories,” said Yukio Takasu, Under-Secretary-General for Management, referring to the four main assessment areas: the regular budget; peacekeeping operations; international tribunals and the Capital Master Plan (CMP).

At the same time, toward the end of the year, the Organization’s finances would bear closer scrutiny as some of the major contributors would be paying their assessed contributions very late. “We have reserve funds – the Working Capital Fund of only $150 million and a Special Account $233 million – so this situation will have to be watched very closely,” he said, briefing correspondents at Headquarters after reporting to the General Assembly’s Fifth Committee (Administrative and Budgetary).

“The Secretariat will continue to monitor the cash flow to ensure prudent financial management of resources,” said Mr. Takasu, adding that there could also be additional pressure on the Working Capital Fund and the Special Account if those resources needed to be used to bridge any CMP needs related to the ongoing renovations of the Organization’s New York Headquarters complex.

Noting that some 26 Member States have paid in full as of today, he said the overall regular budget remained “static” year over year – some $2.6 billion in 2013 to some 2.61 billion in 2014, but the UN peacekeeping budget now exceeded $7 billion.

In connection with the Organization's regular budget, he said that unpaid assessments amounted to $1.39 billion, and unpaid assessment to the peacekeeping budget amounted to some $1.53 billion.

The level of outstanding payments to UN Member States for contributing troops, formed police units and related costs reflected an improvement at the end of 2013 and will decrease to $500 million at the end of 2014. “The Secretariat is making every effort to expedite outstanding payments, “ he added.

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Gordon Campbell: On The Death Of Fidel Castro

New Zealand likes to think we played our part – via the 1981 Springbok tour – in bringing the apartheid regime in South Africa to an end… Jacob Zuma treated the death of Fidel Castro at the weekend as an occasion to pay a heartfelt tribute to the thousands of Cuban soldiers who travelled across the world to inflict the first significant military defeat on the forces of white supremacy. More>>

ALSO:

Gordon Campbell: On The US Election Home Stretch

Once again at the business end of a US election, the result will hinge on the same old bits of geography as always: the Five Crucial Counties in Ohio, the Two Crucial Counties in Pennsylvania and the I-4 Interstate Corridor in Florida that runs from Tampa Bay through Orlando to Daytona Beach. More>>

ALSO:

Meanwhile:

Haiti: $5 Million To Kick-Start Aid In Wake Of Hurricane Matthew

UN emergency fund allocates $5 million to kick-start assistance in wake of Hurricane Matthew More>>

ALSO:

Preliminary Results: MH17 Investigation Report

The Joint Investigation Team (JIT) is convinced of having obtained irrefutable evidence to establish that on 17 July 2014, flight MH-17 was shot down by a BUK missile from the 9M38-series. According to the JIT there is also evidence identifying the launch location that involves an agricultural field near Pervomaiskyi which, at the time, was controlled by pro-Russian fighters. More>>

ALSO:

Not Helen Clark: António Guterres Favourite For Next UN Secretary-General

Former Portuguese Prime Minister António Guterres has emerged as the clear favourite to become the next United Nations Secretary-General following the sixth secret ballot held today by the UN Security Council, which is expected to take a formal decision tomorrow and forward Mr. Guterres’ name to the 193-Member General Assembly for final confirmation. More>>

ALSO:

Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>

ALSO:

Other Australian Detention

Get More From Scoop

 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news