BREAKING NEWS

Inner cabinet okays transfer of $100m. to PA

The government decided Wednesday to release $100 million in Palestinian tax revenue that Israel has been withholding since the beginning of the month.
Under the terms of the Oslo agreements, Israel collects the tax monies each month and transfers them to the PA.The decision to freeze the money, which according to EU numbers makes up some 30 percent of the PA budget, was taken at the beginning of the month after UNESCO voted to accept the Palestinians as a full member. In addition to freezing the funds, Israel also decided to react to that move by accelerating the building of some 2,000 housing units in Jewish neighborhoods in east Jerusalem, as well as in Efrat and Ma’aleh Adumim.
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