UN ‘financial crisis,’ years in the making, Guterres tells budget body, proposes solutions

The UN’s financial crisis has been years in the making and is undermining the organization’s mandates and reform efforts, Secretary-General António Guterres told the Fifth Committee,  the body responsible for the United Nations budget,  on Tuesday.

No stone left unturned to ensure budget benefits the world community: UN official

The United Nations General Assembly on Sunday approved a $5.4 billion budget for the Organization for the biennium 2018-2019.

Audio -

As budget advisory panel turns 70, Ban lauds 'strong collaboration' on reaching UN's goals

United Nations Secretary-General Ban Ki-moon today praised the UN's advisory committee on budgetary matters for its help in carrying out the world body's lifesaving work around the world, as the 16-member body marked the 70th anniversary of its establishment.

New UN budget proposal shows commitment to ‘strict financial management,’ says Ban

Introducing his proposed $5.5 billion budget for the work of the United Nations over the next two years, UN Secretary-General Ban Ki-moon said today that it encompasses the Organization’s “vision and commitment to budget discipline and strict financial management.”

No “surrender of dignity” to receive development assistance

Countries in Asia wanting to implement new development goals do not have to surrender their dignity by receiving financial assistance, according to a senior official of the Philippines government.

Audio -

UN’s fiscal health depends on Member States meeting obligations, senior official reports

With its limited cash reserves, the financial health of the United Nations is “totally dependent” on how quickly and how much Member States pay towards Organization’s operations, the top UN management official told journalists in New York today.

General Assembly wraps up work with approval of $5.5 billion UN budget for 2014-2015

The General Assembly today wrapped up its work for the main part of the 68th session by approving a budget of $5.5 billion for the United Nations to carry out its vital work over the next two years.

UN chief presents $5.4 billion budget proposal for next two years

Secretary-General Ban Ki-moon today presented a proposed budget of $5.4 billion for the United Nations over the next two years, after instructing managers to rethink business practices, reduce overlap, embrace innovation, encourage creativity and build synergies.

UN’s overall financial situation is ‘sound’ but ‘tight,’ senior UN official reports

The top United Nations management official today said that the Organization’s budget is sound but urged Member States to meet their financial obligations on time.

UN's overall financial situation 'positive,' top management official reports

The current financial picture of the United Nations is positive, a top official reported today, adding that the Organization still needs to keep a close eye on its assets.