16 Hrs
Source:
شبكة راية الإعلامية
Finance Ministry Cuts Local Debt
The Palestinian Ministry of Finance and Planning, within less than two years, has implemented measures to reduce the debt of local authorities and electricity and water distribution companies. Settlements were made with 170 local authorities, leading to a decrease in net lending by 360.7 million shekels, bringing the total debt to 1.48 billion shekels. Additionally, settlements were arranged with 7 distribution companies, helping to reduce net lending by 1.6 billion shekels, and about 1.5 billion shekels were collected from these companies through installment payments. These measures aim to lessen financial burdens and support the continued provision of essential services efficiently and sustainably.
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