Like a broke college student, the UN’s funds are running dry and they might not be able to pay their bills next month – mark it down as the UN’s worst financial crisis of the decade.
So, where’d the money go?
- A growing problem. In 2018, the UN’s budget funds came up short 22%. Now, in 2019 they’re being shorted 30%.
- Members are holding out. About 1 out of 3 member countries haven’t paid their fair share for 2019.
Major countries like Saudi Arabia, South Korea, and Israel are all on the naughty list of the 64 countries slacking.
- Member countries still owe a total of $1.3 billion for 2019.
- The UN’s budget is in a $139 million deficit.
How Does it Affect My Wallet?
The United Nations exist to keep peace in the world. Members need to take urgent action to keep the international peace organization on two feet.
Pay up! The organization is between a rock and a hard place – cuts are their only option.
- Travel will be limited to “essential” travel only. (No more “business trips” to Bora Bora).
- Meetings will be canceled or postponed. (That doesn’t seem like a punishment).
No Pay November. If the crisis isn’t solved soon, UN staff may go unpaid in November. Just in time for the holidays!
America needs the U.N. American companies were awarded $1.74 billion in contracts with the UN in 2018 and $9.5 billion since 2010.
- What types of contracts? Telecommunications, financial services, construction, food production, and production of armored vehicles.
Too long, didn’t read…
The world’s peace organization, the United Nations — meant to keep nations together is now struggling to keep itself in one piece. They’re begging members for dues and making major budget cuts.
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