PA to pay employee half of their salaries

By
December 19, 2012 18:27

 
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The Palestinian Authority government announced Wednesday that it would pay its employees half of their salaries next week.

The announcement came as PA civil servants began a two-day strike to protest against the government's failure to pay last month's salaries.

PA Finance Minister Nabil Qassis said the government has asked local banks for loans so that it could pay the salaries.

The PA is hoping that the banks would agree to give it a short-term loan of $100m. to help solve the severe financial crisis.  The PA government already owns the banks $1.2b.

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