Home>News Center>World

UN reaches budget agreement
Updated: 2005-12-24 10:10

UN member states on Friday reached a last-minute agreement on a 2006-2007 budget that includes a spending cap of 950 million U.S. dollars for 2006.

The General Assembly's Fifth Committee is preparing an immediate formal meeting to approve the budget resolution, some UN diplomat told Xinhua Friday night on condition of anonymity.

In accordance with the resolution, which states reached after months of intense talks, UN spending would initially be capped at 950 million dollars on a 3.8-billion-dollar two-year budget.

The spending cap of 950 million dollars will be enough only for the first six months of the year until UN Secretary-General Kofi Annan requests in May or June to release funding for the second half of 2006 on condition of enough reform having been adopted.

The General Assembly will hold plenary meeting late Friday to take action on the recommendation of the Fifth Committee as soon as the committee adopts the budget resolution formally.

Rebels kill 8 policemen in ambush in Peru
Public transport strike in New York
Torrential monsoon rains in southern thailand
  Today's Top News     Top World News

Sleigh bells ringing throughout Chinese cities



Cuba's Castro says Bush 'very much a fool'



China: No interference in HK affairs



Bin Laden's niece poses in racy photo shoot



Japan FM's 'China threat' remarks criticized



222 people punished for coal mine accidents


  UN reaches budget deal, ending reform impasse
  Rebel attack leaves 13 Sri Lankan soldiers dead, 3 injured
  Iraqi Sunnis demonstrate against election results
  Italy issues European arrest warrants against CIA agents
  Azerbaijani plane crash kills all 23 onboard
  Bush trims troop in Iraq
  Go to Another Section  
  Story Tools  
  News Talk  
  Are the Republicans exploiting the memory of 9/11?  
Manufacturers, Exporters, Wholesalers - Global trade starts here.