Home Headlines General Assembly Approves UN’s $3.07bn Budget For 2020

General Assembly Approves UN’s $3.07bn Budget For 2020

0
51

The General Assembly has adopted a budget of 3.07 billion dollars for the United Nations in 2020.

It followed the consideration of the report of the Assembly’s Fifth Committee, which handles administrative and budgetary matters.

Organic Creame

This is the first annual budget of the organisation in 45 years, according to the UN, which had been operating a two-year budget cycle since 1974.

The 2020 figure is 23 million dollar higher than the 2.849 billion budgeted by the organisation in the outgoing year.

It is also an increase of eight million dollar over the 3.06 billion dollar proposal requested by Secretary General Antonio Guterres.

Speaking after the adoption, President of the General Assembly, Amb. Tijjani Muhammad-Bande, congratulated the committee for the successful conclusion of its assignment.

Muhammed-Bande said the approval and other major decisions by the committee would be critical to the good functioning of the UN.

“The proposed programme budget for 2020 provides necessary resources to the UN Secretariat to implement its various tasks.

“It also prepares us well for entry into the Decade of Action for SDG implementation,” he said.

Latest News
Stanbic IBTC Bank's Economic Forum Charts Nigeria's Path Through A Shifting Global EconomyTHE YEWA AWORI SOCIO-ECONOMIC BLUEPRINTS FOR THE YAYI ERA AND BEYONDEMHF Opens Heritage Event Hall, Unveils Vision For Africa’s Premier Music Heritage CentreNigeria’s Youngest Chartered Accountant, 16-Year-Old Danielle Osasere, Honoured At MFM Prayer CityThe Kick Of A Dying Horse: Rejecting The Retrogressive Agents Of Darkness In YEWA-AWORI LandNigerians Must Embrace Production, Entrepreneurship To Become Great- Emir of DutseTASFUED Holds Formal Investiture Ceremony for Sixth Substantive Vice-ChancellorOlodo Uprising: Carter Efe mirrors our collective disaster“I’m No Fraudster” — Adeyemi Fires Back at Presidency Over PFIPC ControversyPresident Tinubu Urges Nigerian Media to Prioritise Credibility Over ClickbaitPresidency Disowns Alleged Fake Presidential Council, Says Suspect Facing Fraud ChargesStanbic IBTC Bank Nigeria PMI®: New Orders Continue To Rise Sharply In JuneFormer Minister Uche Nnaji Arrested at Enugu Airport Over Alleged Certificate ForgeryTHE YEWA AWORI SOCIO-ECONOMIC BLUEPRINTS FOR THE YAYI ERA AND BEYONDMessi Scores Off the Bench as Argentina Beat Jordan, Sets New World Cup Record