Revealed: The extensive perks UN officials receive amid budget crisis
United Nations Secretary-General António Guterres has directed staff to slash budgets ahead of the 2026 budgetary vote as part of a wider reform effort through his UN80 Initiative.
Much of the belt-tightening comes at a time when the Trump administration has looked to save money with the help of DOGE. In March, Guterres warned about cuts to U.S. spending at the U.N., stating that "going through with recent funding cuts will make the world less healthy, less safe, and less prosperous." The U.S., as the top funder to the world body, has given billions over the last few years, while paying around a third of its budget.
However, organizational belt-tightening does not appear to have hit senior-level U.N. staff.
"The American people don't even see this," a diplomatic source told Fox News Digital. "These people that are appointed to care for the poor of the world, get better perks than any investment banks out there."
Trump Does Un's Job On World Stage, Leads On Peace While Secretary-general Earns More At Anti-us Body
The diplomatic insider told Fox News Digital that the current "zero-growth" budget for 2026 still includes "a lot of perks" for professional- and director-level U.N. staff along with assistant-secretaries, under-secretaries and the secretary-general.
Read On The Fox News App
Fox News Digital recently reported that Guterres earned $418,348, which is a higher base salary than President Donald Trump receives. And that doesn't include some of the perks the U.N. chief gets, including a plush Manhattan residence and chauffeur-driven car.
Additionally, though U.N. documents say senior-level U.N. staff are "going to be the first thing to be reduced," the source says that "in the budget of 2026, none of that is touched."
Here is a list of perks:
U.N. professional staff, including Guterres, are paid a general salary as well as an additional multiplier of their salary based on their post. Multipliers are meant to "preserve equivalent purchasing power for all duty stations" and can range from 16% in Eswatini, Africa, to 86.8% in Switzerland, according to data provided to Fox News Digital by a U.N. source.
The U.N. pay scale has been set to compare with "equivalently graded jobs in the comparator civil service in Washington, D.C.," with compensation about "10 to 20% ahead of the comparator service" to "attract and retain staff from all countries, including the comparator."
Former Trump Official Slams Un Reform Efforts As 'Eight And A Half Years Late'
Other expenses that may be compensated for include taxes paid and housing costs.
U.N. staff's rent may be subsidized by up to 40% if it "exceeds a so-called rent threshold" based on an employee's income.
Many member states exempt U.N. employees from paying taxes, but employees of the organization who must pay taxes at their duty station are reimbursed for the cost.
There are substantial benefits for staff with dependents.
Staff receive an allowance of 6% of their net income if their spouses earn less than an entry-level general service U.N. salary.
Staff who are parents receive a flat allowance of $2,929 for children under 18, or who are under 21 and in secondary schooling. A second child allowance for staff without spouses is set at $1,025.
U.N. employees may receive grants to cover a portion of the education costs for dependent children through up to four years of post-secondary education. Reimbursements are calculated on a sliding scale. In a sample calculation, the U.N. explains that it would reimburse $34,845 of a $47,000 tuition.
Boarding fees may also be reimbursed up to $5,300 during primary and secondary education.
U.N. staff have access to the U.N. joint staff pension fund, which allows employees to contribute 23.7% of "pensionable remuneration, with two-thirds paid by the organization and one-third by the staff member."
The U.N. pays travel expenses for staff "on initial appointment, on change of duty station, on separation from service, for travel on official business, for home leave travel, and on travel to visit family members." In some instances, the U.N. also pays for eligible spouses and dependent children to travel.
Travel expenses include a "daily subsistence allowance (DSA)" meant to cover "the average cost of lodging and other expenses." Eligible family members receive half the DSA, while director-level staff and above receive an additional DSA supplement.
Trump Admin Stands By Israel, Rejects Un Resolution Backed By Uk And France
For staff who change assignments at certain duty stations, U.N. mobility incentives begin at $6,700 and can grow to more than $15,075.
If changing stations for an assignment lasting more than a year, settling-in benefits comprise 30 days' DSA for staff and half-DSA for eligible families, as well as one month of net pay and one month of post adjustment at the assignment duty station. Moving expenses may include the full or partial removal and transport of household goods, or the storage of those items.
Hardship allowances of between $5,930 and $23,720 may be granted for non-local staff in certain duty stations. The U.N. issues allowances of $19,800 for staff with dependents and $7,500 for staff without dependents stationed at non-family duty stations "to recognize the increased level of financial and psychological hardship incurred by involuntary separation." Danger pay of $1,645 may also be allocated to staff whose association or employment may make them "clearly, persistently, and directly targeted," or in duty stations where there is a "high risk of becoming collateral damage in a war or active armed conflict."
Terminated employees are also allowed separation payments, typically constituting several months' pay if their appointment has been terminated due to "abolition of post or reduction of staff; poor health or incapacitation for further service; unsatisfactory service; agreed termination." Those terminated for unsatisfactory service or misconduct may receive half the typical separation payment.
A repatriation grant may additionally be paid to staff who have been in expatriate service for at least five years, unless staff were "summarily dismissed."
In response to questions about Fox News Digital's source's statements about U.N. employee compensation being on par with that of an investment banker, Guterres' spokesperson Stephane Dujarric said the assertion was "ludicrous" and "demonstrates an ignorance of both the United Nations and the investment banking worlds."
Dujarric did not deny that the 2026 budget proposal includes no cutting of senior personnel or benefits. "The budget proposal for 2026 was prepared before the launch of the UN80 initiative," he said. "We are currently working on identifying efficiencies, including reductions in post, and a revised proposal will be submitted to the General Assembly in the Fall for its deliberations, which usually take place between October and December."
Dujarric added that the International Civil Service Commission, an independent group of 15 expert appointees which creates the system of salaries, benefits and allowances for the U.N., is "undertaking a comprehensive review of the compensation package for the international Professional and higher category of staff," with the results due for presentation in 2026.
"The secretary-general has no authority of the decisions of the ICSC or the appointment of its members," he said.Original article source: Revealed: The extensive perks UN officials receive amid budget crisis
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Nvidia Will Be Wall Street's First $6 Trillion Company, According to One Highly Optimistic Analyst
Artificial Intelligence (AI) is viewed as a generational technology that can meaningfully improve corporate growth. A handful of catalysts has one Wall Street analyst forecasting a runup in Nvidia stock to $250. However, this new Street-high price target overlooks a number of tangible headwinds. 10 stocks we like better than Nvidia › Roughly three decades ago, the advent and proliferation of the internet began changing corporate America forever. Although it took many years before businesses figured out how to optimize their internet usage to maximize their margins and profits, it became a game-changing technology that helped companies reach new customers. For 30 years, Wall Street and investors have been waiting for the next technological leap that could catapult corporate growth. After a long wait, artificial intelligence (AI) looks to be the answer. With AI, software and systems are given the capacity to make split-second decisions without human assistance. It's a broad-reaching technology that the analysts at PwC believe can increase global gross domestic product by a whopping 26% come 2030. While a laundry list of businesses has benefited from the AI revolution, none has reaped the rewards of this technological leap forward more than semiconductor titan Nvidia (NASDAQ: NVDA). Since the end of 2022, Nvidia's market cap has catapulted from $360 billion to an all-time closing high of $3.76 trillion, as of June 25. But according to one highly optimistic Wall Street analyst, the stock market's AI darling is just warming up and on its way to a greater than $6 trillion valuation. To be fair, buy ratings are a dime a dozen when it comes to Nvidia. As of June, 66 Wall Street analysts had issued a rating on Nvidia, with a combined 58 listing it as the equivalent of a strong buy or buy. That compares with just one sell rating. However, the June 25 update from Loop Capital analyst John Donovan stands out from the crowd for one particular reason: His and his firm's price target is head and shoulders above everyone else's. Donovan lifted Loop Capital's price target for Nvidia from $175 per share to $250. If Nvidia's share count stays static, we're talking about a $6.1 trillion market cap if Donovan's issued price target is achieved. Nvidia is already the undisputed leader in graphics processing units (GPUs) deployed in AI-accelerated data centers. The company's Hopper (H100) and successor Blackwell GPUs have consistently been backlogged due to overwhelming demand. With demand for AI-GPUs handily outpacing their supply, Nvidia has been able to charge a premium for its hardware, which in turn has sent its gross margin to north of 70%. But Donovan only sees this dominance building. In his note to investors that explained Loop Capital's Street-high price target, Donovan pointed to Nvidia shipping an estimated 6.5 million GPUs this year and 7.5 million next year, with average selling prices for these GPUs topping $40,000. For context, Nvidia has enjoyed a 100% to 300% pricing premium over its AI-GPU direct rivals. More specifically, in speaking with various cloud-service providers, Donovan anticipates that an uptick in data center spending from governments, midsize cloud providers, and startup companies can lead to the next wave of supercharged growth for Nvidia. For instance, CoreWeave's purchase of 250,000 Hopper chips is the perfect example of startups angling to capitalize on the presumed insatiable demand for compute capacity. The other factor working in Nvidia's favor is that it's been able to grow into its valuation over the last year. Given the company's torrid sales and profit growth, Nvidia is trading at a forward-year earnings multiple of only 27 for fiscal 2027, which will end in January 2027. If Loop Capital's dart throw proves accurate, Nvidia can tip the scales as Wall Street's first $4 trillion, $5 trillion, and $6 trillion business. While there's no disputing Nvidia's monopoly-like market share of GPUs being deployed in AI-accelerated data centers, there are a couple of tangible headwinds Donovan appears to be overlooking that can send Nvidia stock in the opposite direction. Arguably the biggest issue for Nvidia is that every game-changing technology and innovation needs ample time to mature, and we're not at that point yet with artificial intelligence. Including the advent of the internet in the mid-1990s, there hasn't been a next-big-thing trend in three decades that's escaped a bubble-bursting event early in its expansion. The fact that most businesses aren't generating a positive return on their AI investments, nor have they optimized their existing AI solutions, suggests that investors have grossly overestimated the early-innings adoption rate and utility of this technology. This bodes poorly for Nvidia stock over the short run. It's also impossible to overlook growing competitive pressure. Don't get me wrong, CEO Jensen Huang's aggressive innovation timeline, which will bring a new advanced GPU to market annually, should have no trouble keeping Nvidia in the lead when it comes to compute potential. But there's more to data center infrastructure than just speed. It can be argued that Nvidia's biggest competitive edge has been the persistent scarcity of AI-GPUs. But with Taiwan Semiconductor Manufacturing ramping up its chip-on-wafer-on-substrate capacity and Advanced Micro Devices upping its production of Instinct series AI-accelerating chips, direct competition is growing. What's more, many of Nvidia's top customers by net sales are internally developing GPUs to use in their data centers. Even though this internally developed hardware trails Nvidia's Hopper and Blackwell in terms of compute potential, it's notably cheaper and more readily accessible (i.e., not backlogged). Internally developed chips could easily take up valuable data-center real estate, delay future upgrade cycles, and pressure Nvidia's gross margin. Lastly, Donovan's research overlooks the sustained priciness of Nvidia stock relative to its trailing-12-month (TTM) sales. Over the past three decades, megacap companies on the leading edge a next-big-thing trend have historically topped out at TTM price-to-sales (P/S) ratios of roughly 30 to 43. Even Nvidia topped out at a TTM P/S multiple of just over 42 last summer. Although the company's rapidly expanding sales has brought this multiple down, it's still tipping the scales at a P/S ratio of almost 26. That's well over double other market-leading "Magnificent Seven" stocks, and history strongly suggests it's not sustainable. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy. Nvidia Will Be Wall Street's First $6 Trillion Company, According to One Highly Optimistic Analyst was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Trump Says ‘Mr Japan' Unfair on Cars, Floats Keeping 25% Tariff
(Bloomberg) -- US President Donald Trump floated the idea of keeping 25% tariffs on Japan's cars as talks between the two nations continued with little more than a week to go before a slew of higher duties are set to kick in if a trade deal isn't reached. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Sao Paulo Pushes Out Favela Residents, Drug Users to Revive Its City Center Sprawl Is Still Not the Answer Mapping the Architectural History of New York's Chinatown 'So we give Japan no cars. They won't take our cars, right? And yet we take millions and millions of their cars into the United States. It's not fair,' Trump said during a Fox News interview that aired Sunday. 'Now, we have oil. They could take a lot of oil. They could take a lot of other things,' he said, referring to ways Japan might reduce the US trade deficit. The comments show that the two sides still remain some distance from an agreement and highlight the risk that Trump may stick with the 25% tariff on autos. The interview came out after another round of talks between Tokyo's top trade negotiator, Ryosei Akazawa, and Commerce Secretary Howard Lutnick. Akazawa flew across the world to hold face-to-face talks in Washington, and while they initially met in person, two subsequent discussions took place on the phone. Akazawa couldn't meet US Treasury Secretary Scott Bessent this time even after he extended his visit by a day. Following the airing of Trump's interview, which was taped Friday, Akazawa took to social media to reiterate that the bilateral talks are ongoing. 'Japan-US negotiations are at a critical stage, and we will continue to engage in sincere and earnest discussions,' he said in a post on X. Both sides agreed to continue talks this week after the Trump interview took place on Friday, he added. Auto-related stocks on the Topix fell 1.1% in Tokyo on Monday, compared with a 0.4% gain in the overall index. The duty on the car sector has emerged as one of the key sticking points in the talks. Washington is focusing on its large deficit in the sector while Tokyo is trying to protect a key pillar of its economy. In 2024, Japan's trade surplus with the US stood at ¥8.6 trillion ($59.3 billion). Roughly 82% of the gap was due to Japan's surplus in cars and auto parts. US statistics show that the deficit with Japan is the seventh largest among Washington's individual trading partners. Akazawa has repeatedly said that the US's car tariffs are unacceptable, saying that Japan's auto industry has made an enormous contribution to the US economy through the investment of more than $60 billion and the creation of 2.3 million local jobs. Japan has insisted on keeping the sectoral tariffs on cars and other items included in the talks on the wider country-specific levies that are due to go up on July 9. Upon his return to Tokyo on Monday, Akazawa reiterated that stance while saying the deadline is a milestone in the talks. 'It's a huge blow to us that the auto sector remains subject to the 25% tariff,' Akazawa said. 'Taking this into account, we aim to continue vigorous discussions toward an overall agreement.' Statements released by the Japanese government over the weekend said Akazawa and Lutnick had 'fruitful' discussions and agreed to continue seeking a deal that is beneficial for both the US and Japan. The statements did not touch on what was discussed or what progress was made. The 25% US tariff is already in place on cars and auto parts, along with a 50% duty on steel and aluminum. The separate across-the-board tariffs, now at 10%, will jump to 24% if no deal is reached in time. Without a breakthrough in the negotiations, Japan's economy could be pushed into a technical recession after it shrank in the first quarter. Trump's statements in the interview gave no impression that Japan was any closer to reaching a deal or winning an extended reprieve on the reciprocal tariffs. Instead, Trump flagged that the US can set its trade terms with Japan unilaterally. 'I'm going to send letters,' Trump said in the interview, referring to a plan to inform some trading partners that the US will unilaterally set tariffs. 'I could send one to Japan. 'Dear Mr. Japan, here's the story. You're going to pay a 25% tariff on your cars.'' --With assistance from Yoshiaki Nohara, Yasufumi Saito, Mari Kiyohara and Akemi Terukina. (Updates with Akazawa's comments Monday.) America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Apple Test-Drives Big-Screen Movie Strategy With F1 Does a Mamdani Victory and Bezos Blowback Mean Billionaires Beware? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Equifax Earnings Preview: What to Expect
Equifax Inc. (EFX), headquartered in Atlanta, Georgia, is a leading global data, analytics, and technology company. Valued at $31.8 billion by market cap, the company brings buyers and sellers together through its information management, transaction processing, direct marketing, and customer relationship management businesses. The credit bureau giant is expected to announce its fiscal second-quarter earnings for 2025 on Wednesday, Jul. 16. Ahead of the event, analysts expect EFX to report a profit of $1.91 per share on a diluted basis, up 5% from $1.82 per share in the year-ago quarter. The company has consistently surpassed Wall Street's EPS estimates in its last four quarterly reports. Holiday Trading, Trade Negotiations and Other Key Things to Watch this Week Alphabet's Strong Free Cash Flow Makes GOOG Stock a Value Buy Alibaba Is Restructuring Its E-Commerce Unit. How Should You Play BABA Stock Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For the full year, analysts expect EFX to report EPS of $7.61, up 4.4% from $7.29 in fiscal 2024. Its EPS is expected to rise 21.6% year over year to $9.25 in fiscal 2026. EFX stock has underperformed the S&P 500 Index's ($SPX) 12.6% gains over the past 52 weeks, with shares up 6.8% during this period. Similarly, it underperformed the Industrial Select Sector SPDR Fund's (XLI) 20.5% gains over the same time frame. Ongoing headwinds in the U.S. mortgage and hiring markets have weighed on EFX's performance. On Apr. 22, EFX shares closed up more than 13% after reporting its Q1 results. Its adjusted EPS of $1.53 exceeded Wall Street expectations of $1.40. The company's revenue was $1.44 billion, topping Wall Street forecasts of $1.42 billion. EFX expects full-year adjusted EPS in the range of $7.25 to $7.65, and expects revenue to be between $5.9 billion and $6 billion. Analysts' consensus opinion on EFX stock is reasonably bullish, with a 'Moderate Buy' rating overall. Out of 22 analysts covering the stock, 11 advise a 'Strong Buy' rating, three suggest a 'Moderate Buy,' and eight give a 'Hold.' EFX's average analyst price target is $285.65, indicating a potential upside of 11.5% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio