|
Palestinian budget shortage doubled
Palestine, Economics, 8/30/1997
The Palestinian Minister of Economics Maher El-Masri revealed yesterday that the Palestinian Authority's budget for this fiscal year exceeds double what had been voted on earlier this year.
In a statement to Al-Hayat daily newspaper, the Palestinian minister said that the expected shortage will rise from $52 million to $350 million for this year due to the closure imposed upon Palestinians by Israel last month.
He added that offsetting this shortage would normally be possible by raising direct and indirect taxes and depending on high customs rates, but not now because Palestinians couldn't pay higher rates due to the bad conditions they are in.
He expected that partial boycotts of Israeli commodities would bear fruit and help decrease Israeli goods yield in Gaza and West Bank.
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
