VOL. XLVII

No 01

5-January-2004

BUDGETS AND REVENUES

UNCC Awards $1.4Bn In Claims Compensation

The Governing Council of the UN Compensation Commission (UNCC) agreed on 18 December to award a further $1.4bn in compensation to Gulf war victims, with Kuwait and Saudi Arabia receiving a total of $1.1bn for three claims filed by the former and one by he latter for damage to the environment. The two countries are seeking over $10bn in compensation for environmental damage, and the present award is the...