Scoop has an Ethical Paywall
Licence needed for work use Learn More

World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

General Assembly Approves $3.72 Billion UN Budget For 2025

25 December 2024

The approved $3.72 billion regular budget (RB) for 2025 represents an increase of about $1 million over the Secretary-General’s October proposal to the Assembly’s Fifth Committee, which oversees administrative and budgetary matters.

It also includes technical adjustments following the adoption of other resolutions and decisions by UN intergovernmental bodies since the proposed budget was submitted. The total budget appropriation for 2025 amounts to $3,717,379,600.

The regular budget funds UN programmes across key areas, including political affairs, international justice and law, regional cooperation for development, human rights and humanitarian affairs, and public information.

In addition, the Organization maintains a distinct budget for peacekeeping operations, with the fiscal cycle 1 July to 30 June, while the RB cycle aligns with the calendar year.

Programme of action for LLDCs

In a separate action, the General Assembly adopted the Programme of Action for Landlocked Developing Countries for the Decade 2024-2034, aiming to tackle the unique challenges faced by nations without direct access to open seas.

Advertisement - scroll to continue reading

Landlocked developing countries (LLDCs) face significant hurdles in trade and development, relying on transit nations, which leads to higher trade costs, delays and reduced competitiveness in global markets.

The Programme of Action identifies five priorities: promoting sustainable economic growth through innovation and structural transformation, enhancing regional trade integration, improving transport connectivity, building climate resilience, and ensuring effective implementation strategies.

The new framework builds on the Vienna Programme of Action (2014-2024) and the Almaty Programme of Action (2003), which laid the groundwork for addressing the persistent obstacles plaguing LLDCs.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
World Headlines

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.