UN Begs for Money as Funding Expected to Run Out By End of October
United Nations running $230 million deficit, calls on member states to pay up
The United Nations is begging member states to meet their financial obligations after Secretary General Antonio Guterres revealed on Monday that the UN is running out of money.
The globalist organization is running a $230 million deficit and could run out of funding by the end of October unless world governments immediately pay up.
A bailout with an immediate cash injection into the UN would likely hit American taxpayers the hardest.
The United States is the biggest financial contributor to the United Nations by a long way.
The US provides 22 percent of the UN's operating budget while funding 28 percent of peacekeeping missions, currently running at an annual cost of $8 billion.
Germany and the UK are the next two biggest contributors after the US.
In a letter intended for the 37,000 employees at the U.N. secretariat and obtained by AFP, Guterres said unspecified, “additional stop-gap measures” would have to be taken to ensure salaries and entitlements are met.
These might include holding fewer meetings and cutting back on travel and associated entitlements.
“Member States have paid only 70 percent of the total amount needed for our regular budget operations in 2019,” he wrote.
"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."
President Donald Trump has long pushed for reform of the U.N. and just last month warned the “future does not belong to globalists” in a warning to the organization’s leaders:
In December 2017 Nikki Haley, the then United States Ambassador to the organization, announced the federal government had reduced its contribution to the U.N.’s annual budget by $285 million, as Breitbart News reported.
Haley’s statement came after the U.N. voted to condemn the United States for President Trump’s decision to recognize Jerusalem as the capital of Israel.
The resolution, backed by nations with long records of extreme human rights abuses, passed 128-9.
Haley immediately responded by threatening to reduce America’s U.N. funding.
“The United States will remember this day in which it was singled out for attack in the General Assembly for the very act of exercising our right as a sovereign nation,” Haley told the assembly in New York City.
“We will remember it when we are called upon to once again make the world’s largest contribution to the United Nations and we will remember it when so many countries come calling on us, as they so often do, to pay even more and to use our influence for their benefit.”