Palestinian Authority to pay civil servants half their monthly wages amid cash crunch
Faced with a worsening financial crisis, the Palestinian Authority has slashed the salaries of its public sector employees.
The Palestinian Authority told public sector employees today that it would pay them just half of their May salaries as the embattled government attempts to patch up its deepening revenue crisis.
At a press conference in Ramallah today, Palestinian Finance Minister Shukri Bishara said the Palestinian Authority’s domestic revenues had dropped by 80% in the last four months. He added that public salaries would be paid out at 50% through the end of the year, unless the government is able to secure emergency funds.
