Israel Releases $65M in Palestinian Tax Money
Israeli Prime Minister Benjamin Netanyahu ordered the transfer of some $63 million to the Palestinian Authority to help ease its economic crisis.
The transfer Tuesday evening came after Netanyahu consulted on the issue with Finance Minister Yuval Steinitz, and then asked his special envoy, Isaac Molho to coordinate with the Palestinian leadership, according to a statement from the Prime Minister’s Office.
The money is an advance on tax revenues collected for the Palestinian Authority by the Israel.
“We are working on several fronts in order to help the Palestinian Authority cope with its economic problems,” Netanyahu said earlier Tuesday during a meeting with Bulgarian Prime Minister Boyko Borissov. “We have made several changes in the taxation agreements. We are advancing certain transfers. We have also helped with Palestinian workers and with a series of other steps in order to make things easier for them. Of course, there is a global reality and it is also related to the internal management of every economy, but for our part we are making efforts to help the Palestinian Authority survive this crisis. I hope that they will succeed in doing so; this is our in our common interest.”
Palestinians have been staging demonstrations in the streets of the West Bank since last week to protest against the extreme economic hardship.
The protests turned violent and destructive late Monday, with thousands of protesters burning tires and attacking police in the streets of Hebron and Nablus. Protesters also reportedly smashed the windows of the municipal building and a police station in Hebron. Palestinian taxi, truck and bus drivers also staged a one-day strike on Monday.
Civil servants did not receive paychecks for the month of August.
Palestinian Authority Prime Minister Salam Fayad announced measures Tuesday to ease the economic hardship, including lowering the value added tax and lowering prices on diesel, gas and kerosene.
Israeli officials are concerned that the unrest over economics and frustration with the Palestinian leadership could turn into a third Intifada directed at Israel, Reuters reported.
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning journalism this Passover.
In this age of misinformation, our work is needed like never before. We report on the news that matters most to American Jews, driven by truth, not ideology.
At a time when newsrooms are closing or cutting back, the Forward has removed its paywall. That means for the first time in our 126-year history, Forward journalism is free to everyone, everywhere. With an ongoing war, rising antisemitism, and a flood of disinformation that may affect the upcoming election, we believe that free and open access to Jewish journalism is imperative.
Readers like you make it all possible. Right now, we’re in the middle of our Passover Pledge Drive and we still need 300 people to step up and make a gift to sustain our trustworthy, independent journalism.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
Only 300 more gifts needed by April 30
