The United Nations is in financial turmoil.
Things are so bad over at the giant globalist mecca, that they’re poised to go completely broke and run out of money by the end of this month.
It turns out the U.N. is operating under a $230 million dollar deficit, and right now they’re scrambling to make payroll.
An urgent letter was sent out by the Secretary General Guterres, saying additional “stop-gap” measures would have to be taken just so salaries could be paid.
Ha ha ha!
Folks, globalism doesn’t work or pay off anywhere!
The United Nations is running a deficit of $230 million, Secretary General Antonio Guterres said on Monday, and may run out of money by the end of October. In a letter intended for the 37,000 employees at the UN secretariat and obtained by CBS News’ Pamela Falk, Guterres said unspecified “additional stop-gap measures” would have to be taken to ensure salaries and entitlements are paid.
“Member States have paid only 70 percent of the total amount needed for our regular budget operations in 2019. This translates into a cash shortage of $230 million at the end of September. We run the risk of depleting our backup liquidity reserves by the end of the month,” he wrote.
To cut costs, Guterres mentioned postponing conferences and meetings and reducing services, while also restricting official travel to only essential activities and taking measures to save energy.
President Trump campaigned on limiting U.S. dues and donations to the struggling globalist U.N. If it were up to us, the whole thing could close down and everyone could home, and we’d all be better off.
Although 129 States out of 193 have now paid their regular annual dues, the most recent being Syria, UN Spokesperson Stéphane Dujarric told correspondents at the regular briefing in New York, others needed to pay “urgently and in full”.
“This is the only way to avoid a default that could risk disrupting operations globally. The Secretary-General further asked governments to address the underlying reasons for the crisis and agree on measures to put the United Nations on a sound financial footing.”
Guterres had asked member states earlier this year to up contributions to the world body to head off cash flow problems, but they refused, a UN official told French news agency AFP on condition of anonymity.
“The ultimate responsibility for our financial health lies with Member States,” Guterres said.
Not including what it pays for peacekeeping operations, the UN’s operating budget for 2018-2019 is close to $5.4 billion, with the United States contributing the largest share at 22 percent. [CBS]
Back in 2017, after President Trump announced budget cuts to the U.N., former U.N. Ambassador Nikki Haley told the U.N. “we will no longer let the generosity of the American people be taken advantage of or remain unchecked. In future negotiations, you can be sure we’ll continue to look at ways to increase the U.N.’s efficiency while protecting our interests.”
That was not the first time Haley had hinted at using America’s financial leverage against the United Nations. When she first took the job, she warned, “you’re going to see a change in the way we do business.” Secretary General António Guterres has said that some parts of the organization must become more efficient.
I guess he didn’t follow through with that plan.
The U.S. currently funds about 22 percent of the U.N.’s $5.4 billion annual budget.
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