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

 

Ban Condemns Killing Of Former Lesotho Military Commander

United Nations Secretary-General today condemned the killing of Lt. Gen. Maaparankoe Mahao, former Commander of the Lesotho Defence Force, on 25 June, near Maseru. More>>

Ban Welcomes US Supreme Court Ruling On Same-Sex Marriage

Ban welcomes US Supreme Court ruling guaranteeing right to same-sex marriage Lesbian, Gay, Bisexual, Transgender and Intersex (LGBTI) pride march. Photo: OHCHR/Joseph Smida More>>

UN Agency Welcomes EU Measures On Refugee Arrivals

Afghan refugees in front of the abandoned hotel Captain Elias on Kos Island, Greece, where hundreds of refugees and migrants are waiting for their registration. Photo: UNHCR/J. Akkash More>>

Increase In Voluntary Blood Donors Can Save Millions Of Lives

Increase in voluntary blood donors can save millions of lives, UN health agency says on World Day More>>

Kenya: Funding Shortage Means Food Cut To 500,000 Refugees

Funding shortage forces UN agency to temporarily cut food aid to 500,000 refugees in Kenya More>>

UN Launches Education Appeal In Fight Against Child Labour

12 June 2015 – The United Nations has announced it is marking the 2015 edition of the World Day Against Child Labour with a call for the international community to invest in quality education as a key step in the fight against child employment ... More>>

Pope Francis & UN Agency On Sustainability Of Agriculture

Pope Francis (centre) with delegates to the 39th FAO Conference during a special audience at the Vatican. Photo: FAO More>>

South Sudan: Call For De-Escalation Of In-Country Conflict

Women and children have suffered devastating attacks in South Sudan’s Unity State. Photo: UNICEF/South Sudan/Sebastian Rich More>>

Burundi: Emergency Support To Refugees Fleeing Burundi Crisis

Burundians fleeing pre-election violence rest on the shores of Lake Tanganyika in the Democratic Republic of Congo after a gruelling 22-hour boat journey. More than 100,000 Burundians have fled over the past month, arriving in Tanzania, Rwanda and ... More>>

Afghanistan: Commitment To Advancing Women's Rights

While the outgoing senior United Nations rights official in Afghanistan said she expected the human rights advances made “will be sustained, will not be rolled back, and will not be sacrificed,” she lamented the high level of violence against ... More>>

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news