World Bank: Palestinian economic crisis
The World Bank warned the Palestinian Authority faces deep economic crisis, with nearly two billion dollars in debt. The Palestinian government is still heavily dependent on foreign aid and debt, according to a World Bank report.
Besides debt of U.S. $ 2 billion budget deficit Palestinian least U.S. $ 400 million.
The World Bank said a number of donor countries like the United States and some Arab countries did not fulfill promises to provide assistance. The World Bank also said that the Israeli occupation of the Palestinian economy increasingly pressing.
The report comes days after thousands of Palestinians took to the streets to protest against high food and fuel. Civil servants salary arrears. The price of gasoline in Palestine around U.S. $ 2 a liter, the same as the price in Europe.
The average salary of Palestinians in the West Bank about U.S. $ 20 per day. Without loans and foreign aid, the Palestinian economy will collapse, says World Bank Palestinian Authority several times in arrears to pay civil servants' salaries, amounting to approximately 150,000 people.
The government also depends on Israel collects tax revenue collected for the Palestinian Authority. The BBC's Jon Donnison says some concern that if the economy does not improve, a relatively stable situation in Palestine will soon be over.
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