Monday, July 2, 2012

News the HP Doesn't Cover: PA in Financial Crisis

Courtesy of YnetNews:

"The Palestinian Authority is facing its “worst financial crisis” since its 1994 establishment, the Palestinian labor minister said on Sunday.

Ahmed Majdalani warned that a shortfall in the delivery of aid from Arab donor nations means the PA will be unable to pay employees their July salaries or pay off debts it owes to private businesses across the West Bank.


“It is the worst financial crisis experienced by the Palestinian Authority since its founding,” he told AFP.

“What is available to the Palestinian Authority at the moment in terms of funds is not enough to pay government employee salaries this month, with Ramadan approaching,” he said. “It is not sufficient to pay the bills that the Palestinian Authority owes to private companies.”

The Palestinian Authority has frequently warned it faces a massive financial shortfall that threatens its ability to pay thousands of government employees on time, or even at all.  "
 What a "shame".

1 comment:

  1. Funny how they always seem to have enough money to make molotov cocktails to throw at Jews, though.

    ReplyDelete

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