She added that the payments received by Oct. 4 totaled 1.99 billion dollars, noting that "payments received represent only 70 percent of the assessments compared to 78 percent at this time last year, resulting in a gap of nearly 230 million dollars."
"Consequently, the unpaid assessed contributions as at Oct. 4, 2019 are higher than last year by 299 million dollars, and amount to 1.4 billion dollars," she said.
The Fifth Committee is the committee of the UN General Assembly with responsibilities for administrative and budgetary matters. The Assembly also considers and approves financial and budgetary arrangements with specialized agencies and makes recommendations to the agencies concerned.
Speaking to reporters after the meeting, Pollard said that the United Nations is taking various measures to cut expenditures even including reducing heating and heating services starting Monday.
Pollard said that she had discussed with the members of the Fifth Committee about the "serious financial situation that the United Nations now faces.
"That is very dire," she noted.
"I want to emphasize that it's not a budget crisis. It is a cash flow crisis," she added.
Echoing the remarks of UN Secretary-General Antonio Guterres that the financial health of the organization "solely depends on member states meeting their financial obligations in full and on time," Pollard said "timely contributions are crucial to ensure a stable and predictable financial situation throughout the year."
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