BREAKING NEWS

Israel advances PA NIS 180m. to ease financial crisis

JULY 23, 2012 05:58

Israel, in a “goodwill gesture” to the Palestinian Authority, gave Ramallah over the last few days a NIS 180 million advance on tax money it transfers on a monthly basis, The Jerusalem Post has learned.

The money was transferred before Ramadan, which began Friday, to help the PA – currently in the midst of a severe financial crisis – pay the monthly salaries of public sector employees.

Prime Minister Binyamin Netanyahu and Finance Minister Yuval Steinitz made the decision, one of a number of gestures made since the beginning of the year in an attempt to improve relations with the PA and encourage its President Mahmoud Abbas to renew some kind of dialogue with Israel.

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