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The recurrent fiscal deficit in the Palestinian National Authority budget in Q3
09 of $ 376 million was lower than the recurrent deficits in the previous two
quarters (table 1). PNA revenues benefited from $ 100 million in license fees, but
expenditures continued to bear the costs of the Gaza offensive on the Gaza
population. The need for alleviating the acute hardships suffered by the
population and the damage sustained by Gaza’s infrastructure, has raised both
PNA transfers and operational expenditures to Gaza well beyond their budget
trajectory. This has prompted the Ministry of Finance (MoF) to request a
supplementary appropriation to the budget of $ 300 million, and a plea with the
donor community to finance this appropriation since the Palestinian Treasury
does not have the resources to meet this unforeseen emergency.
The $ 300 million appropriation request was approved by the Council of Ministers
on September 29, 2009 and has been incorporated in the budget column of the
attached tables. It raises the recurrent deficit Budget projection for 2009 from $
1.15 billion to $ 1.45 billion.
To download the full report please click below:
Links:
[1] http://www.americantaskforce.org/resources
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