JAKARTA - The United Nations (UN) will run out of cash in August and is waiting for contributions to operate after September.
"In the regular budget, we also have almost no cash funds. We have no cash funds after August, September. The money is gone. We are waiting for the collection of funds to survive after September," said Assistant Secretary-General for Programme Planning, Finance and Budget, Chandramouli Ramanathan, Wednesday, July 1, reported by ANTARA from Sputnik.
"So, whatever happens, we will most likely end this year with zero cash funds, which means we can barely survive with a reduced budget," he continued.
Ramanathan said the UN would face a crisis in September unless the US and China paid their contributions, but even if they did, the funds would run out by the end of 2026.
"If one of them doesn't pay on time, we will face a little crisis in September. But if they don't pay at all or pay less than the original amount, then we will face a little challenge at the end of the year," said Ramanathan.
"However, even if both pay, we will end the year with almost all of our cash gone," he said.
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