The unfunded liability associated with this will total billions of pounds.

Unfunded projects

III. Unfunded

Total, capital and special projects

Unjustified unliquidated obligations

Unliquidated obligations

Unliquidated obligations

Figure II.2 Total unliquidated obligations

(e) Unliquidated obligations

Non derogable obligations

NFTCE Non UNDP financed technical cooperation expenditures

The Secretariat shared the concern about unfunded end of service and post retirement benefit liabilities and was currently preparing a report on that question, which would be available in early 2005.

Moreover, an unfunded liability path, once taken, is hard to leave, because at the point of departure, some generation is paying for past commitments and at least beginning to fund future ones.

The unliquidated obligations charged during the last month of the fiscal year constituted 80 per cent of the total of unjustified unliquidated obligations.

IV. MEETINGS OF ORGANS AND PROGRAMMES NOT FUNDED FROM THE REGULAR BUDGET OF THE UNITED NATIONS . 15

OTHER THAN UNDP A. Non UNDP financed technical cooperation expenditure

IV. MEETINGS OF ORGANS AND PROGRAMMES NOT FUNDED FROM THE

4. Meetings of organs and programmes not funded from the regular budget of the United Nations.

In paragraph 32 of its report, the Board reiterated its recommendation that ITC address, in conjunction with the United Nations Secretariat and with proper funding, the issue of unfunded liabilities for end of service and post retirement benefits.

The increase in unfunded liabilities to 262 million is alarming.

Chart 3 shows the composition of NFTCE.

Owing to the ongoing operations in Iraq and Afghanistan, any future British government will inherit a military that is overstretched, undermanned, and working with worn out equipment. The unfunded liability associated with this will total billions of pounds.

Comment by the Administration. So far, the only action taken by the United Nations Secretariat to address the issue of unfunded liabilities has been the preparation of a report on the funding of after service health insurance benefits, for consideration by the General Assembly.

It has further been suggested that the Organization should review its voluntarily funded programmes, especially those that are financed through trust funds, to eliminate unnecessary and duplicative expenditures.

b) The project budget comprises mainly non recurrent costs funded by earmarked project contributions.

Unspent allocations for projects funded from general resources amounted to 123.6 million.

(ii) Unliquidated obligations for future years are reported both as deferred charges and as unliquidated obligations

I. Funded

Total, funded

liabilities.

It has reduced programming levels to bring the outstanding programme commitments against core resources to less than one half of the level of the allowed outstanding commitments ceiling, using the partial funding formula.

Such a submission should include details as to which specific obligations are concerned and an assessment of the reason why the Party may be unable to meet those obligations.

The second and largest component of NFTCE is the extrabudgetary expenditures (EBEs) of agencies (excluding UNFPA).

11. The second and largest component of NFTCE is the EBEs of specialized agencies (excluding UNFPA).

(g) Level of technical support provided by agencies funded by sources other than UNDP

A United Nations system wide solution is being sought to address the issue of unfunded liabilities.

(b) Funded ongoing activities

Low implementation of funded projects

Total, funded in prior years

Rents Total, funded ongoing

activities, cash and in kind

Commitments

International Commitments

Financial commitments

General obligations