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Guterres warns U.N. may not have enough money to pay staff next month
He told the 193-member U.N. General Assembly’s budget committee 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.” The United States is the largest contributor - responsible for 22 percent of the more than $3.3 billion regular budget for 2019, which pays for work including political, humanitarian, disarmament, ... (full story)
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Beware of robber banks (RB), bad advisors.