1945

United Nations financing and programming

The United Nations financial situation remained precarious in 1998 with unpaid assessments to the regular budget at the end of the year amounting to $2,031 million, slightly lower than at the end of 1997. However, a record high 117 Member States paid their regular budget assessments in full. As a result, the chronic string of large deficits in regular budget cash was broken, reducing the need to cross-borrow from peacekeeping accounts. The Secretary-General said that the recent improvements were positive but small, and numerous unstable conditions held hostage the financial future of the Organization.

Related Subject(s): United Nations
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