Slowdown Everywhere: Guterres warns UN may not have money to pay staff next month

Reports of unemployment and fall down has been in rife these days. It is not only the condition in India but in other countries too. Even, UN is out of funds. Guterres warns UN may not have money to pay staff next month.

UN will reach the ‘deepest deficit of the decade’ if member states don’t pay what they owe, secretary-general warns.

He told the 193-member UN General Assembly’s budget committee on Tuesday that if he had not worked since January to cut spending then “we would not have had the liquidity to support” the annual gathering of world leaders last month.

“This month, we will reach the deepest deficit of the decade. We risk entering November without enough cash to cover payrolls,” said Guterres. “Our work and our reforms are at risk.”