Palestine Economy Suffering, Says Feyadh

The Palestinian Authority (PA) says Israel’s suspension of the transfer of Palestinian tax revenues has had a "devastating impact" on the economy of Palestine.

Palestinian caretaker Prime Minister Salam Feyadh said the Israeli freeze on the funds will make him unable to pay the salaries of tens of thousands of civil servants, the Associated Press reported on Sunday.

The funds, which make up a large percentage of the PA’s monthly budget, were frozen in November by Tel Aviv, after Palestine became a full member in the UN cultural organization, the UNESCO.

Critics say Israel isn’t entitled to impound funds it collects on behalf of the Palestinians.

Last week, UN Secretary General Ban Ki-moon called on the Israeli regime to immediately release Palestinian taxes.

Every month, Israel collects about USD 100 million in customs duties levied on goods destined for Palestinian markets that transit Israeli ports. The funds make up a large percentage of the PA budget.

The PA says it distributes more than USD 200 million every month only in salaries and financial assistance to the neediest Palestinian families.

(Press TV)

Know the Truth about Palestine

Dear Reader,
You have carried us through years of honest and accurate coverage and we are confident that you will carry us through the next stage, which promises to be more critical than ever, for Palestine and for all of us.
Make a contribution to support the Palestine Chronicle.
Click HERE to donate using your credit card or PayPal.
Or, click HERE to learn more.

(The Palestine Chronicle is a registered 501(c)3 organization. All donations are tax deductible)

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.