Skip to comments.UN may ‘run out of money by Oct end’, says Antonio Guterres in letter to 37,000 employees
Posted on 10/08/2019 7:34:24 AM PDT by RightGeek
The United Nations (UN) 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 AFP, 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 per cent 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.
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 said on condition of anonymity.
(Excerpt) Read more at thestatesman.com ...
Make it a new Trump Tower.
The attempt at a World Government has failed. Close up the anti-borders institution.
Is that a problem?
nothing changes until the cashflow stops. short of cash, they now have to prioritize. We will now see what is important to them by where they spend the money.
I do love a happy ending.
Aw, that’s a shame
The UN running out of money before the end of the month is the best news I’ve heard today.
Close it down, reclaim the land and put something actually useful in its place.
They could easily Reduce Expenses by relocating to Syria where land is Cheap!
So sad. No, really.
Just Die, you Commie and Muzzie nest.
37000 employees and they dont produce a damed thing.What bunch of Anti American parasites.
Afghanistan is nice this time of year.
I’m surprised the topic of relocating hasn’t come up. If they were in some city like Prague....they could trim their budget by 50-percent compared against NY City.
i’d like a Trump casino :)
or Trump gentleman’s club.
But that’s just me
Have a Global Warming Bake Sale or ask Greta for her Nobel Prize money if/when she wins
Shut it down, it is useless.
No, worse than useless.
Starve the beast. Raise their rent.
I think I see the problem....no wonder these globalists are running out of money.
The time is long passed due where the UN gets out of the US and the US gets out of the UN.
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