United Nations financing and programming
- Author: United Nations
- Main Title: Yearbook of the United Nations 1988 , pp 853-876
- Publication Date: December 1988
- DOI: https://doi.org/10.18356/5df93f30-en
- Language: English
Throughout 1988, the United Nations continued to grapple with a financial crisis that resulted from the withholding of assessed contributions by a number of Member States to both the Organization’s regular budget and to that for peace-keeping operations. The crisis coincided with an expansion of the Organization’s responsibilities for peace-keeping, thus placing new strains on its already precarious financial stability. An analysis of the financial situation presented in November by the Secretary-General projected a net short-term deficit of $319.4 million. One Member State owed a total of $337.3 million, including nearly $122.4 million in arrears from previous years. Of the $1,111 million in contributions to the United Nations regular budget payable by 1 January 1988, $716.5 million had been collected at the end of 1988, leaving some $395 million outstanding.
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