UNICEF projects 20% drop in 2026 funding after US cuts

FILE PHOTO: A view shows the logo on the exterior of UNICEF's humanitarian warehouse in Copenhagen, Denmark, November 15, 2023. REUTERS/Tom Little/File Photo

UNITED NATIONS (Reuters) - UNICEF has projected that its 2026 budget will shrink by at least 20% compared to 2024, a spokesperson for the U.N. children's agency said on Tuesday, after U.S. President Donald Trump slashed global humanitarian aid.

In 2024, UNICEF had a budget of $8.9 billion and this year it has an estimated budget of $8.5 billion. The funding for 2025 is "evolving," the UNICEF spokesperson said.