Report: Palestinian Authority Economy Not Ready for State
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by JNS.org
Meeting of the Aix Group steering committee. From left to right: Dr. Samir Hazboun, Prof. Arie Arnon, Prof. Gilbert Benhayoun, Mr. Saeb Bamya, Dr. Ron Pundak.
An Israeli government report says the Palestinian Authority is not economically stable enough for statehood.
In a report released on Saturday, the International Monetary Fund projected that if donor countries continued to withhold promised aid, and if last year’s budget deficit of $1.1 billion were to recur this year, the PA would find itself with a budget shortfall of $500 million.
Citing commitments to rein in expenditures and put forward a leaner budget, Palestinian officials foresee a $950 million total deficit and $330 million financial gap.
