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General Assembly Adopts $3.16 Billion 2004-2005 Budget and Concludes Main Part of 58th Session
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Headline
General Assembly Adopts $3.16 Billion 2004-2005 Budget and Concludes Main Part of 58th Session
Caption Description
Acting on the recommendations of its Fifth Committee (Administrative and Budgetary), the General Assembly this evening adopted the programme budget for 2004 - 2005 of $3.16 billion. Presented in a shorter-than-usual results-oriented format, the budget draft envisions a range of measures to realize more efficient utilization of resources, including structural reorganization, redeployment of funds, streamlining and improving project design. In particular, it includes the first practical steps to implement a long-awaited reform of the budgetary cycle and entrusts the Secretary-General with wider power of redeploying staff on an experimental basis. "I believe we have thus earned the right to be highly satisfied with our accomplishments," said Julian Robert Hunte (Saint Lucia), President of the fifty-eighth session of the General Assembly, after the Assembly acted on such important issues as the scale of assessments, financing peacekeeping missions, and financing the two International Tribunals. And while many other important issues had also been addressed - including HIV/AIDS, financing for development and humanitarian assistance - he reminded delegations that they had laid out for themselves a demanding agenda for the remainder of the session.
Julian Robert Hunte (Saint Lucia) (left), President of the fifty-eighth session of the General Assembly, with Yasemin Heinbecker, Legal Advisor to the President of the General Assembly.
Unique Identifier
UN7777356
NICA ID
29953
Production Date
12/23/2003 11:22:02 AM
City/Location
New York
Country
United States of America
Credit
UN Photo/Eskinder Debebe