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Hamas denies economic crisis in Gaza

July 13, 2011 6:27 P.M. (Updated: July 15, 2011 6:46 P.M.)
GAZA CITY (Ma’an) -- The Hamas government in Gaza confirmed Wednesday that it is not suffering from a financial crisis despite the current economic problems affecting the Ramallah based leadership.

The finance minister Aladdin Al-Rafati told Ma’an that the government would continue to pay employee salaries every month as usual.

Salaries will be paid on time and were last paid on June 12, Rafati said in a statement.

The minister denied rumors in Gaza that there was an impending financial crisis, explaining that taxes collected in Gaza amounted to 70 percent of what was needed to pay employees.

"The rest will be provided through voluntary contributions and assistance to the Government," he said.

The Ministry of Finance says that the government pays salaries for more than thirty five thousand military officers and civilians at a value of 61 million shekels [about $20 million] per month.
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