Daily Israel Report
09:12
Reported

News Brief

  9/1/2014, Elul 6, 5774

Hamas-Fatah 'Unity Government' Facing Financial Meltdown


The Palestinian Authority "unity government" with Hamas is totally bankrupt, according to a leading PA minister, who blamed broken promises by America and Arab states for the dire situation.

"The government's budget is below zero, and it's starting to borrow from banks to move forward, because only less than third of donor funds that were scheduled to be received this year arrived," said Shawki Al-Ayasa, Minister of Social Affairs, Agriculture, and Prisoner's Affairs.