Panel Raises Budget Cap to Avert Payroll Crisis
From Times Wire Reports
A key General Assembly panel lifted a $950-million spending cap on the United Nations budget, thereby avoiding a looming financial crisis over how to pay 14,000 U.N. staff members during the next six months.
The United States, Japan and Australia objected because the resolution was not tied to management reform.
In other action, the General Assembly unanimously admitted newly independent Montenegro as the United Nations’ 192nd member.
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