United Nations: India has voiced concerns over a whopping USD 1.3 billion unpaid assessments at the United Nations even as the current regular budget financial year ends in three months.
Secretary General Antonio Guterres warned on Monday that the UN may run out of money for operations by the end of October as the world body is struggling with a deficit of USD 230 million.
Guterres raised the alarm last year also and said the organisation was facing an unprecedented shortage of funding for its core budget and will need to make urgent cuts unless member states pay up.
"We note with concern that while the current regular budget financial year ends in three months, around 1.3 billion dollars of assessments for this and past year are outstanding. These unpaid assessments will have implications on the work of this Committee also during the session," First Secretary in India's Permanent Mission to the UN Mahesh Kumar said on Monday.
Speaking at a session of the Organization of Work of the Fifth Committee, which deals with administrative and budgetary matters, Kumar said it was important to emphasise that payment of assessed contribution in full, on time, and without preconditions is a legal obligation of the member states.
He said during the last few sessions, the Committee had deliberated and approved major reforms proposed by the Secretary General.
In this regard, the annual budget for the Organisation, perhaps the most important and complex element of the reforms has also been approved on trial basis.