India, Singapore among 34 nations that have paid UN dues ahead of deadline

India, Singapore and 32 other United Nations (UN) member states paid their regular budget dues in full and on time to the world organisation.

The UN owes India USD 38 million, among the highest it has to pay to any country, for peacekeeping operations as of March 2019.
The UN owes India USD 38 million, among the highest it has to pay to any country, for peacekeeping operations as of March 2019. Photo courtesy: Wikimedia

India paid USD 23.25 million in regular budget assessments by January 31, 2019, the 30-day due period specified as per UN's Financial Regulation rules. Singapore paid a sum of USD 13.52 million by the deadline as well.

Subsequent to the end of the 30-day due period (January 31), 95 additional member states paid their 2019 regular budget assessments in full as of October 8, 2019, according to UN sources. 

The UN owes 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", 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 organisation 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," he said.

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, the US and Venezuela.

Member states have paid USD 1.99 billion towards the 2019 regular budget assessment so far, while the outstanding amount for 2019 for regular budget is USD 1.386 billion.

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CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indian Diaspora across Singapore, US, UK and Dubai. Connected to India covers developments around Indians abroad, informing, engaging and entertaining its audiences.

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