India, Brazil, China to pay more to United Nations
United Nations: India, Brazil, China and other emerging nations will pay more to the United Nations after the General Assembly approved a five percent increase to the world body’s budget for 2012-13 to USD 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.
The US’ share for the regular budget will remain unchanged at 22 percent. Each UN member state contributes to the budget based on its share of global gross national income.
India’s payments would increase 24 percent, taking its budget share from 0.5 to 0.66 percent.
China’s UN fees would increase by 61 percent, taking its share of the budget from 3.2 to 5.1 percent. This makes China the sixth biggest UN contributor, overtaking Canada and Italy.
Brazil has agreed to an 82 percent hike in payments, paying 2.9 percent of the budget instead of 1.6 percent. Russia’s payments would increase by 52 percent.
