PA pays partial November salaries
Published Sunday 23/12/2012 (updated) 25/12/2012 14:08
RAMALLAH (Ma'an) -- The Palestinian Authority on Sunday paid its employees partial November salaries, the finance ministry said.
Public sector staff received between 1,500 and 4,000 shekels ($400 - $1070), the ministry said in a statement.
Some 22 percent of government employees received their full salaries and the rest were paid between 50 and 90 percent, the ministry said, adding that the remaining money owed would be paid as soon as possible.
Palestinian banks lent the PA $100 million to see it through a financial crisis caused by Israeli economic sanctions. The Palestine Monetary Authority says the short-term loan will be repaid when the Arab League delivers its promised financial security net.
Israel is withholding about $100 million in monthly customs revenues it collects on the Palestinians' behalf as punishment for their successful bid at the UN General Assembly last month to gain de-facto statehood recognition.
The PA was suffering a deep financial crisis even before the move, and has had to delay payments to its 153,000 public sector workers several times this year.