Finance & Fury Podcast

Welcome to Finance and Fury, The Furious Friday edition Continuing SDGs – today we are covering Economics or SDG 8 First, look at the economics of the UN itself – something never talked about Who pays for the UN – Member states - A complex formula - US pays most at 22%-28% of the UN's different budgets Aus - Regular budget for AUD - $86m (rough estimate) in 2016 - $58m USD – not too much But the official budget doesn’t include other donations – Gov agency voluntary contributions (specified or unspecified) – all revenues from government donors – Total was $747m p.a. USD ($1.1bn) – across 21 UN organisations A lot of money being shipped to UN when we have a desperate need to more infrastructure and helping create more liveable areas outside of Cities – Up from $601m in 2014 – massively increased - UN revenues massively increased – What does the UN spend money on? 2016, the organisation's total expenditures was nearly $50 billion, with the US financing about $10 billion, or one fifth, of that. Even with cos