United Nations Going Bankrupt? ‘Running out of Cash’ in ‘Financial Crisis’

‘An organisation such as ours should not have to suffer repeated brushes with bankruptcy’

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United Nations Secretary-General Antonio Guterres says the UN is running out of money and is urging members to pay up amid a looming financial crisis for the international body.

Guterres said in a letter sent to member states this summer that the core U.N. budget had a deficit of $139 million and the United Nations had “never faced such a difficult cash flow situation this early in the calendar year.”

‘An organisation such as ours should not have to suffer repeated brushes with bankruptcy’

“Our cash flow has never been this low so early in the calendar year. The broader trend is also concerning. We are running out of cash sooner. We staying in the red longer,” he said in a letter to staff.

The organization’s total expenditures are roughly $50 billion, with the US generally financing about $10 billion, or one fifth, of that.

Trump has been using funding cuts at the UN as a negotiation tool in order to more closely align UN policy with that of the US. Many wonder why we give them any money at all.

One former U.S. diplomat at the U.N. suggested other member states may be dragging their feet on payments over the perception that the U.S. has backed away from its commitments.

Looks to me like the MSM has helped with this:

“A look at the record shows that Trump has continued to fund it at historic levels. He hose it to sanction North Korea. He used it as a platform to defend Israel. However, there is a wide misperception fed by Trump detractors and a combative media that his Administration has walked away from the U.N.,” Hugh Dugan told FoxNews.com.

“Other countries mimic the U.S., and what they hear has led them to go slow on support and check writing,” he added.

Under UN rules, countries in arrears of an amount equal to or exceeding its contributions for the previous two years can lose their general assembly vote. That is unless the country can show its inability to pay is beyond its control.

Currently Comoros, Guinea Bissau, Sao Tome and Principe and Somalia are significantly in arrears. They have been allowed to retain their vote. Only Libya, regarded by some to be a failed state, is unable to vote.

READ: Al Gore FRENZIED: United States CO2 Levels Have Not Risen in YEARS

Former Ambassador Nikki Haley came to the United Nations pushing for reform of the world body in a bid to cut costs.

“The inefficiency and overspending of the United Nations are well known. We will no longer let the generosity of the American people be taken advantage of or remain unchecked,”

“Americans are very generous people. We are humanitarian oriented. And we continue to seek out ways to help the Palestinian people, whose plight is of genuine concern to us,” she said.

“But we are not fools. If we extend a hand in friendship and generosity, we do not expect our hand to be bitten. And as we extend our hand, we also expect others to extend theirs as well.”

After Haley resigned late last year, President Donald Trump chose State Department spokeswoman Heather Nauert. She hasn’t had a long career at the State Department, joining shortly after Trump’s inauguration.

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