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شبكة أجيال
Central Bank Sets 25% Deduction for Gaza Public Employees
The Gaza Monetary Authority has issued new instructions to regulate the deduction of loan installments from the salaries of public sector employees. The deduction rate has been set at 25% of the salary or the value of the installment due, whichever is less, down from the previous rate of 50%. Additionally, the amount of loans granted has been fixed until June 30, 2026, without adding any extra interest charges until they are fully repaid. This aims to alleviate financial burdens and achieve stability in the banking sector amid challenging economic conditions, as the portfolio of facilities for public sector employees constitutes 65% of the total credit in Gaza.
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