United Nations cuts budget by $286 million
December 28th, 2017
The UN has approved a $286 million cut in its annual budget for the next year, a 5% “historic reduction in spending”. The General Assembly approved the regular budget of $5.397 billion for 2018-2019. The amount sets the budget level around $286 million (or 5%) below the final approved level for 2016- 2017, and $193 million below the initially proposed budget level for 2018-2019, including all “add-ons”.