News Briefs

  Kislev 10, 5772 , 06/12/11

Hamas Gaza Budget $769 Million

Hamas's proposed 2012 budget for Gaza stands at $769 million. Interviewed by the Hamas Gaza newspaper Al-Rai on Monday, Deputy Finance Minister Ismail Mahfouz, said the figure represents a $139 million increase from 2010. More than $400 million is for salaries, an increase of about 25 percent from 2011, including raises for advancement and back pay.

The interior and security budget comes to $244 million or 34 percent of the budget. Development projects will receive $116 million and $14 million will go to residents claiming compensation for losses resulting from Israeli military action. Education is in line for $80 million or 11 percent of the budget. Taxes raised in Gaza are expected to account for $174 million, with the rest coming from portions of the tax money transferred by Israel to the Palestinian Authority and international donations.

Other archived news briefs:Dec 06 2011, 08:31 AM, 12/6/2011