Finance Minister: Salary Disbursement Continues and Fuel Crisis Expected to Improve

Palestinian Finance Minister Stefyan Salama emphasized that Israel's threats to cut banking ties with the Palestinians are a clear violation of all red lines and will lead to the disruption of essential services such as water, electricity, and fuel, as well as the destruction of the Palestinian economy. He stated that the current financial crisis is due to Israel’s ongoing withholding of customs funds, which amount to about six billion dollars and have not yet been released. The government is planning to pay 50% of salaries until the end of the year, relying on sources such as loans, external aid, and local revenues. Salama also pointed to the government’s efforts to improve liquidity, expand electronic payment usage, and establish a national fuel company to enhance governance in the sector. He explained that the fuel crisis is escalating due to limited storage capacities and Israeli restrictions on fuel transportation, along with ongoing punitive measures aimed at destroying the Palestinian economy’s ability to develop.

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