The United Nations has approved a 286 million US dollar cut in its annual budget for the next year, a five per cent historic reduction in spending. <br/><br/>The UN said in a statement that the General Assembly on Sunday approved the regular budget of 5.3 billion dollars for 2018-2019. <br/><br/>The additional reductions come mainly from across-the-board cuts in non-post resources for most Departments and Offices, including the Special Political Missions.<br/><br/>Taking credit for the budget cut, US Ambassador to the UN Nikki Haley said she negotiated a reduction of over 285 million Dollar off the 2016-2017 final budget.