China to become 3rd-largest contributor to UN budget

China to become 3rd-largest contributor to UN budget
A grandmother (not pictured) holds up a mini flag as she and her family take their souvenir picture in front of the Tiananmen Gate in Beijing on November 2, 2015.
PHOTO: Reuters

NEW YORK - China will become the third-largest contributor to the United Nations' regular budget, according to a resolution adopted Wednesday that decides member nations' share of contributions to the 2016-2018 budget. Adopted by the UN General Assembly's Fifth Committee, which is responsible for budgetary affairs, the resolution will be officially approved later at a plenary session of the General Assembly.

The United States was allocated the largest contribution of 22 per cent, followed by Japan with 9.7 per cent and China with 7.9 per cent. Japan's contribution did not reach 10 per cent of the total for the first time since 1983, while China jumped to third from sixth in the 2013-2015 budget, when it was allocated a 5.1 per cent share.

Member nations' contributions are revised once every three years, with consideration given to such factors as their economic capabilities and ability to pay. The figures are calculated based on their gross national income and other elements. Contributions from developing nations can be reduced, and developed nations' payments are calculated in a way to cover the reductions.

Japan's share decreased to 9.7 per cent from the current 10.8 per cent. As a result of its rapid economic growth, China's share increased to 7.9 per cent from the current 5.1 per cent.

Overall, most major nations, including Britain, Germany and France, saw a decrease in their contributions, while emerging nations including China and Brazil saw an increase. The United States' 22 per cent is the maximum limit for one nation's contribution.

Japan's contribution exceeded the 10 per cent level in 1983 for the first time, and increased to 20.6 per cent in 2000.

However, Japan later experienced a downward trend as its economy became sluggish. The nation's financial burden will decrease with the drop in its share, but the latest figures clearly illustrate the relative growth of China's presence in the UN financial field.

Japan is aiming to become a permanent member of the UN Security Council. Making up for the decrease in its financial contribution to the United Nations and maintaining Japan's presence in UN diplomatic activities will be a key challenge for the nation, observers said

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