Increased risk of Palestinian Authority's fiscal collapse
May 23, 2024 21:12:29 GMT -5
Post by shalom on May 23, 2024 21:12:29 GMT -5
World Bank: Increased risk of Palestinian Authority's fiscal collapse
By REUTERS
MAY 24, 2024 04:18
The fiscal situation of the Palestinian Authority, which runs the West Bank, has worsened in the last three months, "significantly raising the risk of a fiscal collapse," the World Bank said on Thursday amid the war between Israel and Hamas in Gaza.
By REUTERS
MAY 24, 2024 04:18
The fiscal situation of the Palestinian Authority, which runs the West Bank, has worsened in the last three months, "significantly raising the risk of a fiscal collapse," the World Bank said on Thursday amid the war between Israel and Hamas in Gaza.
"The rapidly widening gap between the amount of revenues coming in and the amount needed to finance essential public expenditure is driving a fiscal crisis," it said.