Israel has transferred 1.2 billion shekels to the PA over the past few months, thus paying off the outstanding balance of its debts. The money comes from port taxes that Israel collects for the PA in exchange for goods destined for the Arab-populated areas. In truth, the balance was to have been over two billion shekels - but in accordance with court orders, 850 million shekels were held back to pay debts owed by the PA to Israeli companies such as Bezeq, Mekorot, and Israel Electric.
Israel Pays Its Bills
Israel has transferred 1.2 billion shekels to the PA over the past few months, thus paying off the outstanding balance of its debts. The money comes from port taxes that Israel collects for the PA in exchange for goods destined for the Arab-populated areas. In truth, the balance was to have been over two billion shekels - but in accordance with court orders, 850 million shekels were held back to pay debts owed by the PA to Israeli companies such as Bezeq, Mekorot, and Israel Electric.