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Israel-Palestine-Jordan | |
As donations dry up, PA forced to cut June paychecks, poor darlings | |
2011-07-04 | |
Civil employees face halved salaries, to be deposited in bank account later this week; PM Fayyad blames donor countries for crisis. Facing financial difficulties, the Palestinian Authority will pay only half salaries to its civil servants for June, PA Prime Minister Salam Fayyad announced on Sunday. The half salaries will be deposited into the employees' bank accounts on Wednesday. Fayyad attributed the crisis to failure of donor countries to meet their financial obligations to the Palestinians. He noted his government has nevertheless succeeded in reducing its reliance on international aid to less than one billion dollars a year. In the past, he said, the PA government used to get nearly two billion dollars a year from the international community. Fayyad said the PA was now conducting consultations with Palestinian banks to persuade them not to collect full loan payments from civil servants. He said the PA government preferred to pay half salaries than postpone the payments entirely. "We've reached a point where we can no longer delay the salaries or take loans from the banks," Fayyad said. "That's why we decided to pay half salaries with the hope that the employees would display understanding." Fayyad said the main reason behind the financial crisis in the PA was failure of the international community to provide funds. He said that last year the PA's deficit reached $100 million. Since the beginning of this year, the deficit has reached $30 million each month, he said. Fayyad said international aid to the PA has dropped by nearly one-third. In the last month, the PA received $331 million out of $900 million that it was expecting from the international community, he said, adding this does not bode well for the second half of the year for the Palestinians.
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Posted by:trailing wife |
#8 "obligations" I do not think that word means what you think it means. |
Posted by: Barbara 2011-07-04 21:41 |
#7 Obligations? Pray tell: what are those "obligations" that you speak of? Chinditz, The "International Community" committed itself to bankrolling the Palestinians. This "international Community" is made up of the West and the Palestinian's Islamic Arab Brothers. The mugs in the West appear to be keeping up their payments, but the Arab Bothers appear to have more pressing problems than making payments to the Palestinians. Unbelievable. As the Palestinians will tell you, there is nothing more pressing than the Palestinian problem. As everyone knows the whole world revolves around the "Palestinian Problem" or at least, that's what they think. |
Posted by: tipper 2011-07-04 18:44 |
#6 You are good at what you do, Lord Garth. Thank you! :-) |
Posted by: trailing wife 2011-07-04 18:30 |
#5 "Fayyad attributed the crisis to failure of donor countries to meet their financial obligations to the Palestinians." Obligations? Pray tell: what are those "obligations" that you speak of? |
Posted by: chinditz 2011-07-04 17:34 |
#4 the NYTimes is also carrying a story on this also the Congressional Research Service has a long report detailing the intricacies of the US aid to the Paleos the report was issued in May 2011 |
Posted by: Lord Garth 2011-07-04 17:32 |
#3 This article is the Jerusalem Post's take on the situation. Lord Garth submitted the key excerpt from Ha'aretz's report earlier, so page down to see it. (Thank goodness we don't have the tradition of posting "First!" here at Rantburg!) It's interesting to compare the two reports. |
Posted by: trailing wife 2011-07-04 15:13 |
#2 "Fayyad attributed the crisis to failure of donor countries to meet their financial obligations to the Palestinians." The only thing anyone owes the paleos is a very large bomb or three deposited mid-"country." Rinse and repeat as necessary. |
Posted by: Barbara 2011-07-04 14:34 |
#1 Oh, Boo Hoo Hoo.Poor murderers, no more Booty. |
Posted by: Redneck Jim 2011-07-04 14:02 |