While stringent cash conservation measures have been used effectively over the last few years to keep the Secretariat running smoothly, ongoing monthly fluctuations in United Nations regular budget collections make efficient budget planning difficult, the Organization’s top management official told Fifth Committee (Administrative and Budgetary) delegates today.
As the United Nations undergoes a profound reform meant to increase its agility while spending less, the role of its oversight bodies is critical to assess the accompanying risks, delegates in the Fifth Committee (Administrative and Budgetary) warned today.
The Fifth Committee (Administrative and Budgetary) elected Ibrahim Folorunsho Jimoh (Nigeria) Chair on 2 June.
Delegates in the Fifth Committee (Administrative and Budgetary) today opened their eighty-first session with urgent calls for the Organization’s financial stability as it undergoes reform meant to keep it relevant in a rapidly changing world.
The General Assembly today agreed to end the practice of “returning” funds that were never collected from Member States as it adopted all texts forwarded by its Fifth Committee (Administrative and Budgetary).
The Fifth Committee (Administrative and Budgetary) today reached a significant breakthrough in addressing the United Nations’ chronic liquidity crisis, agreeing to end the practice of “returning” funds that were never collected from Member States, as it concluded its second resumed session.
With its cash reserves rapidly depleting, and long-term financial stability eroding, the United Nations is not only risking its peace and development agenda, it is struggling to survive as an organization, delegates in the Fifth Committee (Administrative and Budgetary) warned today.
