The UN's peacekeeping budget is down by $610 million for the current year while the monthly payment to each peacekeeper will go up by $96 per month. India's share of the peacekeeping dues, which is set at 0.1474 percent of the total, will come down from $10.76 million to $9.82 million for the current accounting year, a saving of $940,000.
The $6.69 billion-budget for this accounting year starting July 1 that was adopted by the General Assembly on Thursday is 8.36 percent less than the previous year's $7.3 billion.
The peacekeepers sent to the peacekeeping operations will each now get $1,428 per month, up from last accounting year's $1,332, an increase of 7.2 percent that will benefit the 6,172 Indian personnel serving in UN operations.
Two of the peacekeeping operations – in Haiti and Liberia – ended during the last accounting year, leading to a saving of $500 million.
Such a huge saving is unlikely to be repeated unless missions are closed down in future or extreme economy measures are undertaken.
The remaining savings of $110 million comes from belt-tightening at the 13 operations that are continuing.
To absorb the increases in payments to peacekeepers and still come up with savings, large economy measures had to be enforced.
The United States pays 28.47 percent of the peacekeeping budget and President Donald Trump's administration has said that it would not pay more than 25 percent in future.
US Permanent Representative Nikki Haley pushed for the budget cuts and her mission said that it had wrangled a 6 percent-cut from the initial budget estimates made by the UN for the current financial year.
This is the second consecutive year with large savings in the peacekeeping budget.
Last accounting year saw a cut of $570 million or 7.25 percent over the 2016-2017 budget.