UN chief welcomes General Assembly vote on budget rule
United Nations, July 1
UN Secretary-General Antonio Guterres welcomed the General Assembly's decision on unspent budget funds.
"I welcome today's (Tuesday's) decision by the General Assembly to reform financial rules that were putting the Organization's stability at risk. By its vote, the Assembly has agreed to introduce, for a four-year trial period, a new methodology to ensure that unspent funds are returned to Member States only when they are backed by cash," said Guterres in a statement.
Under a financial rule, the world body has to return unspent appropriations as credits to member states at the end of each budget period, including those in arrears. The General Assembly decision on Tuesday modifies the rule, Xinhua news agency reported.
"This decision will allow us to manage resources, especially for regular and peacekeeping budgets, in a more predictable and responsible way, and to better deliver on the mandates given by Member States," said Guterres.
Noting that he has called for this change since the beginning of his mandate, Guterres said the change is critical for the world body's immediate operational continuity, especially for peacekeeping operations.
"Since very early in my mandate, I have called for this change, and I am grateful to Member States for taking this important step."
"This important change will greatly benefit my successor who will no longer be hamstrung by being forced to return funds that were, all too often, never even received in the first place," said Guterres, whose term of office expires at the end of this year.
The UN chief thanked those member states that have paid their assessed contributions, and renewed his call on all states to meet their obligations under the UN Charter.
— IANS
Reader Comments
This is a practical step forward. I work in finance and the old rule was a mess - you can't return funds that don't exist as cash. It's like promising your friend ₹500 from your salary but forgetting you haven't been paid yet! Common sense finally prevailing at the UN. Good on Guterres for pushing this through.
I get the logic, but isn't this just giving the UN more control over our (member state) money? The old rule was meant to protect countries from bureaucratic waste. I hope this four-year trial has strict oversight. Trust but verify, as they say.
As someone who follows international affairs closely, this is a significant reform. Peacekeeping missions in places like Kashmir's borders or Africa need stable funding. India contributes troops and resources - we need the UN to be financially sound. Hope this leads to more efficiency. Also, member states (looking at some big ones) should pay their dues on time! 😤
A four-year trial sounds reasonable. Guterres has been pushing for this since 2017 - about time the General Assembly listened. But I'm wary of any permanent changes that reduce member state control. The UN already has too much bureaucracy. Let's see how this plays out.
Interesting timing - Guterres mentioning this benefits his successor. Typical diplomatic maneuvering. But the logic is sound. If member states don't pay up, the UN can't function. I just hope developing countries like India don't end up subsidizing the arrears of wealthier nations. The UN charter obligations
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