The Palestinian Authority government on Tuesday voted in favor of the PA’s annual budget for 2014 and referred it to PA President Mahmoud Abbas for approval.

Nearly half of the $4.2 billion budget will go to paying salaries for PA employees – a 4.9% increase compared to last year’s budget. The rise is the result of agreements signed between the PA government and various workers’ unions in the West Bank.

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The deficit in the PA’s budget stands at $1.2 billion.

The PA’s expected income from taxes and other fees during 2014 is estimated at $2.7 billion. The PA also expects foreign aid to reach $1.6 billion during this year. ‭‮

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