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You are here: Home India Business India to pay more for UN 2012-13 budget

India to pay more for UN 2012-13 budget

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United Nations: India, Brazil, China and other emerging nations will pay more to the United Nations after the General Assembly approved a five percent increase to the world body’s budget for 2012-13 to $5.4 billion.

Capping days of intense negotiations, the assembly adopted a range of Fifth Committee (Administrative and Budge-tary) resolutions, covering the scale of assessing Member States’ dues, the United Nations pension system and the proposed 2013 budget for 33 political missions.

The income was revised upwards by $3.99 million to $511.74 million for the current biennium.

The assembly approved $566.48 million to keep the 33 special political missions running in 2013. These missions include those for Syria, Yemen, Libya and Sudan-South Sudan and large operations in Afghanistan and  Iraq.

Emerging nations, such as India, China, Russia, Brazil would have to pay an increased share, while contributions of European nations, such as Britain, Germany   and France and Japan have been cut in the revised UN budget.

The US share for the regular budget will remain un-changed at 22 percent. Each UN member state contributes to the budget based on its share of global gross national income.

India’s payments would increase 24 percent, taking its budget share from 0.5 to 0.66 percent.

China’s UN fees would increase by 61 percent, taking its share of the budget from 3.2 to 5.1 percent. This makes China the sixth biggest UN contributor, overtaking Canada and Italy.

Brazil has agreed to an 82 percent hike in payments, paying 2.9 percent of the budget instead of 1.6 percent. Russia’s payments would increase by 52 percent.