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.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.