Israel Transfers Tax Revenues to the Palestinian Authority (Updated to December 9, 2020)
On December 2, 2020, the Palestinian Authority (PA) said in an announcement that the government of Israel had transferred all the tax revenues to the PA account, a sum of 3.768 billion shekels (approximately $115.6 billion). According to the Palestinian minister of the treasury, the funds will make it possible to reduce the budget deficit to $850 million for 2020 and to help repair the extensive damage done to the Palestinian economy by the Covid-19 epidemic.
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