China calls on US to pay its debts to the United Nations

Image
AFP United Nations
Last Updated : May 16 2020 | 1:26 AM IST

China on Friday issued a statement calling on all UN member states to "actively fulfill their financial obligations to the United Nations," stressing that Washington owes the organization more than USD 2 billion.

"As of May 14, the total unpaid assessments under the UN regular budget and peacekeeping budget amount to 1.63 billion and 2.14 billion US dollars respectively," the Chinese statement said, citing a report from UN Secretary-General's office and a meeting held on Thursday.

Including arrears that stretch back several years, "the United States is the largest debtor, owing 1.165 billion and 1.332 billion US dollars respectively," China added.

The US is the biggest contributor to the UN budget, paying 22 percent of its annual running costs, a bill which adds up to around USD 3 billion, and 25 percent of its peacekeeping operations, which amount to some USD 6 billion a year.

Officially, Washington is meant to pay 27.89 percent of the peacekeeping budget, but a decision made by Congress and implemented by President Donald Trump in 2017 cut that payment to 25 percent, meaning Washington runs up an annual shortfall of USD 200 million.

The United States also has a fiscal year that runs from October to October, which can make it look like an even bigger debtor at certain times of the year. There was no immediate response from the US mission to China's statement.

The payment of contributions by member countries for peacekeeping operations has a direct impact on the reimbursements the UN pays to countries that contribute troops to the 15 or so missions around the world.

In a report on May 11, Secretary-General Antonio Guterres warned that "there may be significant delays towards the middle of the year, unless the cash position across missions improves significantly." On Thursday, around 50 of the 193 member states, including China, paid their contributions in full, which Beijing -- the second largest contributor, far behind the United States -- noted in its statement. China pays around 12 percent of the UN's running costs and around 15 percent of the peacekeeping budget.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 16 2020 | 1:26 AM IST

Next Story