India, other emerging nations to contribute more to UN budget
27 Dec 2012
India, Brazil, China and other emerging nations will pay more to the United Nations after the General Assembly approved a five per cent increase to the world body's budget for 2012-13 to $5.4 billion.
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.
India's payments would increase 24 per cent, taking its budget share from 0.5 to 0.66 per cent.
China's UN fees would increase by 61 per cent, taking its share of the budget from 3.2 to 5.1 per cent. This makes China the sixth biggest UN contributor, overtaking Canada and Italy.
Brazil has agreed to an 82 per cent hike in payments, paying 2.9 per cent of the budget instead of 1.6 per cent. Russia's payments would increase by 52 per cent.
Contributions by other major nations would see a drop in the 2012-13 budget.
.webp)
