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UN in the red, staff salaries at risk

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AFP United Nations
Last Updated : Oct 09 2019 | 8:15 AM IST

The United Nations has an overall annual operating budget of several billion dollars, covering everything from humanitarian work to disarmament, but right now, it's just trying to make sure its employees get paid after this month.

How did the world body end up more than USD 200 million in the red? The answer: member states who have not paid their expected contributions, including the United States.

On Tuesday, Secretary-General Antonio Guterres warned of the "worst cash crisis facing the United Nations in nearly a decade."
He cautioned the UN "runs the risk of depleting its liquidity reserves by the end of the month and defaulting on payments to staff and vendors."
In his statement on Tuesday, Guterres thanked the 129 member states who have paid up "and urged those who have not paid to do so urgently and in full."

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First Published: Oct 09 2019 | 8:15 AM IST

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