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Is the PA really suffering from a financial crisis?

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The Palestinian Authority (PA) is under pressure from American President Donald Trump and his administration, is increasing isolated in the Arab world and is running out of money, the New York Times columnist David M Halbfinger wrote last week.

In his article, Halbfinger quoted Prime Minister Mohammad Shtayyeh saying: “We are in a collapsing situation.”

Shtayyeh, along with the PA President Mahmoud Abbas and many other PA and Fatah officials have long claimed that the PA is experiencing a financial crisis and it is heading to bankruptcy. For the third consecutive month, the PA is paying 50 per cent or less of its employees’ salaries in the West Bank and the Gaza Strip. The PA claims that the crisis is a result of its rejection of tax revenues collected by Israel on its behalf as a result of an Tel Aviv’s decision to deduct the salaries of Palestinians killed, wounded or imprisoned by Israel.

Abbas and many of his PA affiliates have several times said that “martyrs and prisoners” are a “redline” and they have returned the tax money three times.

“There is a financial crisis hitting the PA,” economic expert at the Gaza........

© Middle East Monitor