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Palestinians Face Sharp Fall in Foreign Funding (Reuters via Daily Alert)

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Jan. 4, 2017

  • Palestinians Face Sharp Fall in Foreign Funding
    Foreign financial support for the Palestinian Authority is running at about half the forecast level, Prime Minister Rami Al-Hamdallah told Al-Quds newspaper on Tuesday. “We had expected to get $1.2 billion in (external) support and offers, but we have only received $640 million so far.”
    Normally, Saudi Arabia provides $20 million a month, but it stopped making regular contributions last April. The EU and U.S. have also reduced direct budget support, preferring instead to fund development programs that target specific areas. 55% of the budget goes to salaries for the PA’s 156,000 employees. (Reuters)
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