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Secretary general warns the UN could run out of money by the end of the month

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Secretary general warns the UN could run out of money by the end of the month

The United Nations' secretary general sent out a letter warning that it could run out of funds in a matter of weeks.

Secretary General António Guterres said in a Monday letter to 37,000 employees at the U.N. secretariat that the U.N. is running a $230 million deficit and could run out of money by the end of October, according to CBS News.

“Member States have paid only 70 percent of the total amount needed for our regular budget operations in 2019. This translates into a cash shortage of $230 million at the end of September. We run the risk of depleting our backup liquidity reserves by the end of the month,” Guterres, 70, said.

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from The United Nations' secretary general sent out a letter warning that it could run out of funds in a matter of weeks.

Secretary General António Guterres said in a Monday letter to 37,000 employees at the U.N. secretariat that the U.N. is running a $230 million deficit and could run out of money by the end of October, according to CBS News.

“Member States have paid only 70 percent of the total amount needed for our regular budget operations in 2019. This translates into a cash shortage of $230 million at the end of September. We run the risk of depleting our backup liquidity reserves by the end of the month,” Guterres, 70, said.

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