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UN’s UNEP Requires Bailout After Budget Accounting Error

The United Nations Environmental Program (UNEP), a organization leading the charge for a radical reorganization of “global environmental governance,” has added another item to its list of administrative fiascos: this time, over how it has been protecting the Mediterranean Sea.

According to internal documents obtained by Fox News, a UNEP-administered program to protect the Mediterranean and its coasts overspent its budget by $5.1 million from 1994 to 2011 — equivalent to about a quarter of its entire budget for 2010-2011 — through a rudimentary accounting error that went undetected for most of the 18 years. The cumulative error punched a major hole in the program’s budget.

Despite some frenetic subsequent juggling of accounts and a quiet partial bailout by the European Union, the agency still has the Mediterranean protection program on a budgetary crash diet aimed at getting its books back in balance. UNEP claims that the cash squeeze has not affected any of its actual protection programs.

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