Sunday, Aug. 02
Latest News
  1. Iraqis protest over poor services, salty tap water
  2. Dozens dead as Syria army 'pushes back rebels near regime heartland'
  3. Yemen PM returns to Aden from Saudi exile
  4. Airport source: Yemen PM returns to Aden from Saudi exile
  5. New Taliban leader calls for unity in ranks in first audio message
  6. Iraqis vent rage at power shortages, 'corrupt' leaders
  7. Report: Some 260 PKK members killed in Turkey air strikes
  8. Iraqi Kurdistan urges Turkey to halt PKK bombardment
  9. Bin Laden relatives killed in UK plane crash
  10. Five Libyan troops killed, 18 missing after 'IS attack'
  11. 'Qaeda' suicide bombing kills 9 in Yemen
  12. Al-Qaeda in Syria attacks US-trained rebel base
  13. Kerry sets off on Mideast trip to Egypt, Doha
  14. 12 killed in Colombia military plane accident
  15. 'PKK attack' kills 2 police in tense Turkey
  16. Local official: 10 killed in Boko Haram attack in Nigeria village
  17. Tunisia extends state of emergency by 2 months
  18. Erdogan slams claims of Turkey IS cooperation as 'black propaganda'
  19. Trial results: Vaccine offers 100% Ebola protection
  20. Abbas wants ICC to probe arson that killed Palestinian toddler

PA: Austerity measures to continue

March 19, 2012 2:48 P.M. (Updated: March 20, 2012 12:23 P.M.)
BETHLEHEM (Ma’an) -- The Palestinian Authority will continue with its austerity plan in order to reduce the ongoing financial crisis, an official said Monday.

"Austerity measures will continue, and if donor countries will not fulfill their pledges, the PA will take further austerity steps to try and reduce effects of the crisis," adviser to PA premier Salam Fayyad Omar al-Ghoul told Ma'an.

"If donor countries do not fulfill their financial pledges, the PA’s financial crisis and budget deficit will intensify," he added.

The budget deficit stands at is $1.1 billion, al-Ghoul said, adding that he hopes an upcoming donor meeting in Brussels will make decisions to ease the crisis.

"Civil servants’ salaries will not be disrupted at all," al-Ghoul said.

"On behalf of myself, and on behalf of the prime minister, I say that salaries will not be disrupted. In contrast, prime minister Fayyad is working toward improving salaries to cope with the high cost of living."

Part of the current crisis is due to the situation in the Gaza Strip, as 57 percent of the PA's budget goes to the coastal enclave, al-Ghoul said.

"Hamas leaders who staged the coup in Gaza are not interested in any commitment to the PA. On the contrary, the policy of dependence on smuggling tunnels in Gaza is resulting in huge cuts in revenues and taxes to the PA."
Powered By: HTD Technologies
Ma'an News Agency
All rights reserved © 2005-2015