UN General Assembly
1962

15. I suggest that in view of the financial crisis looming over us we should undertake an urgent and comprehensive examination of our present budgetary procedures and see how best we can fit them to the needs of the United Nations today. I suggest that there are three possible ways open to us of making certain that the implementation of our decisions will at all times be assured of adequate financial support. The first and most desirable way is, of course, to persuade all Members to pay their annual assessments promptly. The second is to increase from time to time the Working Capital Fund to a sum more in keeping with the present level of the annual budget. There is a third method which seems to be worthy of examination — a method of last resort, a guarantee against any short-fall in the first two. It is to empower our Secretary-General on such terms and conditions as he deems appropriate to borrow in any financial year up to the full amount of the cost of implementing all the decisions of the United Nations in that year.