The Secretary-General of the United Nations, Antonio Guterres has said that the United Nations is facing the worst ever liquidity crisis.

He said this while speaking in front of the UN’s budget-setting Fifth Committee on Tuesday.

Guterres stressed the situation was so desperate that last month’s General Assembly in New York was only possible because of emergency spending cuts made earlier in the year.

The UN Secretary-General also urged member states to pay their outstanding contributions so as to minimise disruptions to UN operations because the organisation is running out of money.

UN spokesperson, Stephane Dujarric in a statement pointed out that, by the end of September, member states had paid only 70 percent of the total assessment for the regular budget.

That compares with 78 percent at the same time of year in 2018.