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Fayyad: PNA suffers from crucial fiscal crisis
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10:42, June 30, 2009

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The Palestinian National Authority (PNA) is passing through unprecedented crucial financial crisis due to the drop of the foreign donations, Prime Minister Salam Fayyad announced Monday.

Fayyad told the weekly meeting of his cabinet held in Ramallah that the donations the PNA receives from international donors into its budget is 25 to 30 million U.S. dollars less than the usual monthly pledges of donations.

"This has been going on for the last seven months," said Fayyad, adding, "in case the donor countries, mainly our Arab brothers, don't fulfill their commitments, I believe fiscal deficiency would mount and would get us into negative outcomes."

International donors pledged in a conference held in Egypt in March to offer the PNA 4.481 billion U.S. dollars to aid the Palestinian economy and support the PNA fiscal plans for three years until 2010.

"The fiscal deficiency had disabled the authority (PNA) to fulfill its fiscal commitments. We are still waiting for the pledged donations we were promised," said Fayyad.

Meanwhile, Palestinian officials said the Israeli claims that Israel offers the Palestinians facilities "is just a media decoration for its military and security measures and its violation of the human rights and the international laws."

PNA Minister of Foreign Affairs Reyad al-Maliki told reporters after the meeting that what Israel is doing "is revealed misleading and deceiving, in order to escape from other commitments, mainly freezing settlement in the West Bank."

Source:Xinhua



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