Palestinian economy said frozen by Israel
By JTA (Jerusalem)
article created on: 2011-12-01T00:00:00
Israel’s suspension of transferring tax revenue to the Palestinian Authority has had a “devastating impact” on the Palestinian economy, PA Prime Minister Salam Fayyad said.
Israel has been withholding about $100 million in tax payments collected on the Palestinians’ behalf since the Palestinians were accepted as a full member of UNESCO, the United Nations scientific and cultural agency, and is continuing to withhold them over Fatah-Hamas unity talks.
Meanwhile, on Nov. 30, Israeli Prime Minister Benjamin Netanyahu agreed that he could release frozen Palestinian Authority funds.