Money and EconomicsIsrael and Palestine
Money makes the world go round and actions speak louder than words. Where is the money going? What is it used for?
Sunday, October 24, 2004
Half Palestinian deficit due to Israel funds seizure
Haaretz - Israel News - Half Palestinian deficit due to Israel funds seizure: "October 25, 2004 | By Amira Hass
About half of the Palestinian Authority budget deficit was caused by seizures imposed by Israeli courts on PA funds, Palestinian sources say.
The cumulative deficit this year is $490 million, while the PA's current budget is $1,444 billion. Palestinian treasurer Salam Fayyad is expected to cover some $330 million with help from the donor states, but has not found funding for the remaining $160 million.
Haaretz - Israel News - Half Palestinian deficit due to Israel funds seizure: "October 25, 2004 | By Amira Hass
About half of the Palestinian Authority budget deficit was caused by seizures imposed by Israeli courts on PA funds, Palestinian sources say.
The cumulative deficit this year is $490 million, while the PA's current budget is $1,444 billion. Palestinian treasurer Salam Fayyad is expected to cover some $330 million with help from the donor states, but has not found funding for the remaining $160 million.
