India among 34 UN members to pay UN budget
- As of October 8, 2019, 129 Member States have paid their regular budget dues in full, according to UN sources. Member states have paid USD 1.99 billion towards the 2019 regular budget assessment, while the outstanding amount for 2019 for regular budget is USD 1.386 billion.
- However, 64 states are yet to pay their regular budget dues in full for 2019. These include Afghanistan, Bangladesh, Brazil, Central African Republic, North Korea, Iran, Israel, Mexico, Oman, the Philippines, South Korea, Saudi Arabia, Sri Lanka, US and Venezuela.
- While India has been among the few countries to have fully paid its dues to the UN on time, the UN owed India USD 38 million, among the highest it has to pay to any country, for peacekeeping operations as of March 2019.
- The UN is facing a “severe liquidity crisis”, reaching its deepest deficit of the decade, UN Secretary General Antonio Guterres has said, warning that the world organisation will not have enough cash by next month to cover payrolls.
- Guterres warned that in the current month, the organization will reach the deepest deficit of the decade. We risk exhausting the closed peacekeeping cash reserves, and entering November without enough cash to cover payrolls.