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Home » News » International
International

UN Secretary-General Welcomes General Assembly’s Decision on Unspent Budget Funds

Indian Community Editorial TeamBy Indian Community Editorial TeamJune 30, 20262 Mins ReadNo Comments Add us to Google Preferred Sources
UN Secretary-General Welcomes General Assembly’s Decision on Unspent Budget Funds
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UN Secretary-General Antonio Guterres expressed his approval of the General Assembly’s recent decision regarding unspent budget funds. The Assembly’s vote to reform financial rules, introducing a new methodology for a four-year trial period, aims to ensure that unspent funds are returned to Member States only when supported by cash. This modification addresses the previous rule requiring the return of unspent appropriations as credits to member states at the end of each budget period, including those in arrears.

Guterres emphasized the significance of this decision in enhancing resource management, particularly for regular and peacekeeping budgets. He highlighted the importance of delivering on mandates from Member States in a more predictable and responsible manner. The Secretary-General stressed the critical nature of this change for the immediate operational continuity of the world body, especially concerning peacekeeping operations.

The UN chief underscored his longstanding advocacy for this change, expressing gratitude to Member States for this pivotal step. Guterres noted the benefits of this adjustment for his successor, who will no longer face constraints in returning funds that were often never received initially. As his term concludes at the year’s end, he acknowledged and thanked member states that have fulfilled their assessed contributions, urging all states to uphold their obligations under the UN Charter.

Antonio Guterres General Assembly Member States Peacekeeping operations UN Xinhua News Agency
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Indian Community Editorial Team

The Indian Community Editorial Team curates, verifies, and publishes stories that matter to Indians worldwide. From culture and community to business and innovation, our mission is to spotlight voices, ideas, and events that bring our global community closer together. Have news or a story to share? Submit it to us at [email protected].

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