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Economy / The Economic Times

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UN chief proposes slashing 2026 budget by $577 million, cutting 18% of jobs

The UN faces a significant cash crisis, prompting Secretary-General Guterres to propose a $577 million budget cut and over 18% job reductions. This move aims to boost efficiency as the organization turns 80. Outstanding U.S. arrears are a major driver of the financial strain, impacting core operations and leading to potential peacekeeping cuts.

2 Dec 2025 7:37 am