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PA budget crisis expected to worsen
Published Wednesday 03/10/2012 (updated) 06/10/2012 07:30
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Quartet Representative Tony Blair, Palestinian Authority Finance
Minister Nabil Kassis, and EU foreign policy chief Catherine Ashton
attend the Ad Hoc Liaison Committee meeting at the United Nations in
New York, Sept. 23, 2012. (Reuters/Eduardo Munoz)
BETHLEHEM (Ma'an) -- The Palestinian Authority does not expect a significant boost in foreign budget assistance to follow a meeting of donor countries in New York last month.

A report presented by Nabil Qassis, the Palestinian Authority finance minister, has received no significant response, a senior government official told Ma'an.

The official, speaking on the condition of anonymity, said late Tuesday that the financial crisis would likely escalate widely in the coming weeks and months due to foreign aid shortfalls.

"The sponsoring countries during the meeting in New York on Sept. 23 didn't make any promises to provide the PA with financial aid, and that's a warning sign aggravating the crisis."

He added: "We haven't heard promises to pay the PA money ... Even the Europeans said it clearly that they have paid their dues and can't pay more. And the Arabs don't seem to care."

The official noted that the Obama administration is unable to even transfer money to Egypt, whose stability is more of a priority for the United States. That move was blocked by a skeptical lawmaker who said she saw no immediate need for the cash infusion.

"There is no other option but to reexamine our internal sources" of revenue, the Palestinian official said. He doubted that the situation would improve much even after US elections.

Washington has warned European countries not to support the PLO's bid for "observer state" at the UN and threatened financial sanctions if the bid succeeds, according to reports.

The US staunchly opposed the PLO's 2011 bid for full membership of the UN, which failed to pass the Security Council, where Washington holds veto power.

The less-ambitious bid for "observer state" does not need approval from the Security Council and is likely to win the majority needed in the General Assembly.

PA state-building 'success story'

At the UN on Thursday, President Mahmoud Abbas said the Palestinian Authority had made impressive economic achievements, but said Israel remained a main obstacle.

"The Palestinian National Authority has affirmed ... the ability to create an advanced model for an effective, modem state through the development of the performance of its institutions, public finance management through the adoption of transparency, accountability and rules of good governance," Abbas said.

He said the achievements constituted "an impressive undertaking and success story," and noted recent commendation from the World Bank and International Monetary Fund.

But he accused Israel of impeding the work of the Palestinian Authority.
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1 ) here are the reasons for / the economic collapse
03/10/2012 17:25
of the West BANK 5 reasons? 1. the hunta is a bunch of thieves (everyone of Arafat cronies is multi millionaire. THey steal most of the monies 2.the boycott of West bank products causes 30000 families (about 200,000 people) to starve 3.IDF put a stop to many of the major thefts of cars, metals, cattle, chemicals

2 ) Yehuda Solomon / Israel
03/10/2012 18:46
So the Europeans have paid their fair share and the other Arabs don't care and 1 lone American Congresswoman is single-handedly blocking any more U.S. money. WONDERFUL news coming from the Bad Luck Loser Committee !!! I say the Palestinians should immediately say to hell with relying on any more damn foreign aid/commitments and start using Jordanian/Palestinian dinars. This will at least start to get them acclimated to advancing their economy in conjunction with Jordan/Palestine.

3 ) Tobias / USA
03/10/2012 18:51
AS AGREED IN THE OSLO ACCORDS, Israel has every right:
1- to "impede the work of the Palestinian Authority," when the
PA tries to work in East Jerusalem and Area C, before reaching
A Negotiated Peace/Statehood Agreement with Israel, and
2- to start acting unlilaterally, since the PA has so clearly done
so, with their second attempt at bypassing negotiations, and
second UN Bid for recognition of Palestinian statehood, and
the PA has only itself to blame for financial issues !!!

4 ) Greg / UKR
03/10/2012 19:34
Palestinians should not ask US and EU for money if they keep applying for UN membership and avoiding peace negotiations. And of cause US and EU should stop financing PA, PLO and Abbas. Palestinians should go to their strongest supporters and beg for money Syria, Iran, China, Russia, Venezuela, So. Africa, Brazil, Argentina, Cuba, Indonesia, arab brothers. Sorry, I forgot Gabon - palestinians definitely should ask Gabon for money. Please keep in mind that Gabon is not an animal, it is a country.

5 ) Filipe / Portugal
03/10/2012 23:36
UN vote for statehood---- why wait? Why delay? Vote today, so the welfare checks can stop tomorrow ! So you think you're broke now --- just wait !!

6 ) Tibi / Tubas
04/10/2012 16:55
It is time the PA STOP BEGGING for more foreign donations,
as a way of supporting their interim government, which are based
upon the PA's Oslo Promises of negotiation made to Israel,
AND either START NEGOTIATIONS, or start cutting government
spending and improving the economy so tax revenues increase !!!

7 ) @ Tibi-6 / USA
04/10/2012 23:39
The PA Will Neither "STOP BEGGING", Nor will The PA "START NEGOTIATIONS", and The World Will Have To Accept This, just like Palestinians Will Have To Accept Their "OCCUPATION" SITUATION AS PERMANENT.

8 ) shirley / australia
05/10/2012 05:02
why do pals not realize lot of money comes from AL so stop wining about US EU US alraedy cut aid even to UNRWA but pals must realize that this is the last chance for astate of their own never never again will this arise time has run outtalks will not bring state in reality EU rand US do not support state so will do nothing but blame pals factson the ground changing rapidly soon impossible viability of a state USA just gave jerusalem to Isreal almost annexed there is NO MORE TIMELAST CHANCE

9 ) southparkbear / usa
05/10/2012 18:35
not having enough safe deposit boxes is not a budget crisis
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