22:17
Reported

News Brief

  3/17/2014, Adar Bet 15, 5774

PA Blames Debt on 'Area C' of Judea, Samaria


The Palestinian Authority (PA) announced Monday that their total debts had topped a staggering 4.8 billion dollars, and that the current year's budgetary deficit was 1.5 billion dollars, according to PA "Finance Minister" Shukri Bishara. Bishara noted that the deficit amounts to 13% of the PA's GDP and grows by 125 million dollars per month. To combat this, the PA is working on "a strategy" to increase revenues by 550 million dollars annually over the next two years, according to the official.