Statement by the Controller on the current financial situation of the United Nations

Therefore, unless further contributions are forthcoming, the Agency will not be in a position to fully implement its budgeted activities in 2005.

Regular budget and assessed contributions

The financial situation of UNRWA was a matter of great concern.

Should we neglect to address this responsibility fairly and properly, the situation in this volatile region will remain bleak.

To judge China s economic dynamism, the key indicator is its fiscal position. When, and only when, China s fiscal position is worsening rapidly will its economy suffer a hard landing.

The financial situation as at 31 March 2005 can be summarized in the following major points

So Europe needs a short term growth strategy to supplement its financial support package and its plans for fiscal consolidation.

But this has changed with the creation of a European rescue fund in the form of the European Financial Stability Facility (EFSF).

The first rule in assessing a government s real strategy is to follow the money.

(a) The financial statements present fairly the financial position as at the end of the period and the results of their operations for the period then ended

What is going on? Were the measures taken two weeks ago to shore up the financial system simply wrong?

This situation will be aggravated by some of the dangers associated with a global economy led by the financial sector.

What the North African situation has taught us is that we must humbly accept that we may not always have had the right responses in the past.

The deterioration of families financial situation has also left poor children deprived of educational opportunity.

Recent reports to sessions of the governing bodies have covered a wide range of issues within the context of the financial situation.

Cultural and historical links and the improved corporate financial position of South African enterprises also played a role in the internationalization process.

Although a sound multilateral trading system could enable developing countries to place hope in it, the current situation was far from satisfactory.

37. We also underscore our commitment to sound domestic financial sectors, which make a vital contribution to national development efforts, as an important component of an international financial architecture that is supportive of development.

Their view is that the various government actions to support the financial system helped to stabilize the situation.

So grim has Japan s fiscal position become that bond issuance has exceeded tax revenue since 2009.

Management considers that the statements present fairly the financial position of the Organization and of funds held in trust by it, the results of their operations and the changes in their financial position.

Third, a more expansive requirement for financial disclosure by senior officials and better dissemination of code of conduct requirements are being introduced.

The financial situation of Kondo Inc. deteriorated and Mr. Banner asked Mr. Alan to grant the company a loan of 1 million.

On the financial situation of UNIDO, Kenya wished to register concern at the adverse impact on technical cooperation delivery resulting from the fact that one third of Member States were not paying their assessed contributions.

Layla was friends with Salima.

Structural foundations remained intact.

The present report provides an overview of the financial position of UNDP at the end of 2004 and the comparative figures for the year 2003.

Layla is much prettier than Salima.

(b) Resumption of negotiations in good faith.

In earlier reports, the Secretary General has been obliged to draw the attention of Member States to the precarious financial position of the international tribunals for Rwanda and the former Yugoslavia.

Updated information will also be submitted to the General Assembly at its sixtieth session in the annual report of the Secretary General on the status of the Fund.

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Layla considered Salima a friend.

Layla heard Sami and Salima arguing.

Sami didn't tell Layla about Salima.

But are they right?

This seems like a sound argument.

Hoenig and Fisher have the right vision.

That seems right.

These figures are necessary for an appropriate comparison to be made.

The review process was conducted in a procedurally sound manner.

And last year s earthquake, tsunami, and nuclear disaster only made a grim fiscal picture worse by requiring huge new spending on reconstruction.

A Fiscal Responsibility Law, promoted and managed locally, which seeks to reform the key institutions and to adopt a well designed fiscal rule, won't only transform the fiscal status of Puerto Rico, but will also introduce governance reforms to ensure the fiscal solvency and sustainability of the government in the long term.

Although hardly in crisis (yet), Japan s fiscal situation grows more alarming by the day.