Aid cuts keep PA stuck in economic rut
The Palestinian Authority has been plagued by a protracted financial crisis amid thinning foreign aid and not enough local revenues to end the deficit.
GAZA CITY, Gaza Strip — Foreign aid and grants to the Palestinian government have dropped by 45% so far this year, according to Palestinian Prime Minister Rami Hamdallah, raising questions about the reasons for this significant drop, the extent to which the Palestinian Authority is affected (as it depends on these grants as a major source of funds) and how successful the measures taken by the PA to meet this challenge are.
Hamdallah revealed the figures in his speech Aug. 27 at the second Social Accountability Forum in Ramallah.
