61 Days
Source:
وكالة صدى نيوز
The Compensation Crisis from the Treasury to Households Deepens Palestinian Economic Challenges
The results of a survey conducted by the Palestinian Center for Public Opinion reveal that the funds from the VAT and customs revenues, of which a significant portion (usually between 60-70% of government income) are withheld, have moved beyond a payroll issue to become a comprehensive living and economic crisis. Currently, 84.9% of households live on a monthly income of less than 4,000 shekels. The crisis has led to a decreased purchasing power, accumulation of debts, increased poverty and unemployment, and significant changes in spending patterns. Additionally, the decline in government revenues due to withholding or freezing directly impacts household incomes, leads to reduced production, and causes a general deterioration of the economic situation. This exacerbates the structural weakness of the Palestinian economy and significantly constrains its development. Therefore, regular and full release of the VAT and customs funds is an essential necessity to restore financial and social stability. There is also an urgent need for international action to end the withholding and deductions, and to support policies that foster an independent and robust Palestinian economy.
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