Finance Minister warns Israeli threats will harm Palestinian economy
A report stated that Palestinian Finance Minister Shtayyeh Salama warned that Israeli threats to cut banking relations with the Palestinians represent a crossing of red lines and will destroy the Palestinian economy. He emphasized that such steps would negatively impact the delivery of essential services to citizens. He explained that the Palestinian government will continue to pay 50% of salaries until the end of the year, amid an ongoing financial crisis caused by Israel's withholding of Palestinian tax funds for 15 months. These funds amount to approximately six billion Palestinian dollars and affect water, electricity, and fuel supplies. The minister also confirmed that the occupation imposes restrictions on economic and social movement, and that the government is working to enhance liquidity through electronic payments and plans to establish a national fuel company to confront the deteriorating economic situation and ensure the continuation of basic services despite the challenges.
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