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budget cut

UN approves $600 mn budget cut to peacekeeping

NEW YORK: The United Nations on Friday approved a nearly $600 million cut to its peacekeeping budget following pressure from the United States to reduce funding to the world body. The General Assembly approved by consensus the annual budget expected to total $7.3 billion, down from the current $7.87 billion spent on peace missions worldwide. UN member-states agreed to $6.8 billion to finance 14 missions, but an additional $500 million earmarked for peacekeeping in Haiti and in Sudan's Darfur region will get final…