Palestinian Authority faces financial crisis as Israel withholds billions in tax revenues cover art

Palestinian Authority faces financial crisis as Israel withholds billions in tax revenues

Palestinian Authority faces financial crisis as Israel withholds billions in tax revenues

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 The Palestinian Authority is struggling to pay public sector salaries as Israel continues to withhold tax revenues it collects on the PA's behalf. Under the 1994 Paris Protocol, Israel became the tax collector for goods entering Palestinian territories, but has frozen or deducted transfers since 2019. These revenues account for around 60 per cent of the PA's budget. Israel has withheld a total of $4.5 billion, pushing the PA's debt to $15.6 billion and forcing cuts to public services, including reduced school hours. Al Jazeera's Nida Ibrahim reports. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://X.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile #PalestinianAuthority #PAFinancialCrisis #PalestineEconomy #Israel #Palestine #PalestinianTaxRevenue #ParisProtocol #PalestinianPublicWorkers #PalestineEconomicCrisis #PalestinePublicSector #Gaza
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