web analytics
December 18, 2014 / 26 Kislev, 5775
 
At a Glance
News & Views
Sponsored Post
8000 meals Celebrate Eight Days of Chanukah – With 8,000 Free Meals Daily to Israel’s Poor

Join Meir Panim’s campaign to “light up” Chanukah for families in need.



PA Finance Minister Quits in Frustration

Palestinian Authority Finance Minister Nabil Qassis announced on Sunday he is quitting his post as the bloated budget grows and labor unions and politicians refuse austerity measures.

His resignation marks the continuing decline of the Palestinian Authority economy, which has been a de facto welfare state for years and whose economy has been so weak that the World Bank said last year it would be difficult for the PA to maintain itself as a country if it becomes independent.

The Arab world has filed to live up to pledges of billons of dollars in aid, and the European Union  is hard-pressed to continue to bail it out in the wake of struggling economies back home.

Israel last week said it would resume transferring to the Palestinian Authority tax revenues collected in order to prevent a rise in tensions on the Arab street.

The World bank noted last year that the budget deficit, lack of commitment from Arab donors,  “few positive prospects in the broader political environment and t eh slit between Hamas and the rival Fatah faction headed by PA Chairman Mahmoud Abbas all combine to raise questions about the viability of a PA state.

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “PA Finance Minister Quits in Frustration”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Sydney has banned the  Chabad menorah from being lit this year because of the murders in the Lindt cafe.
Sydney Darkens Hanukkah by Banning Chabad Menorah Lighting
Latest News Stories
Sydney has banned the  Chabad menorah from being lit this year because of the murders in the Lindt cafe.

Is Sydney also going to turn out the lights on Christmas trees?

Eli Yishai, member of the Shas party today, but tomorrow is another day.

25-year-old man threatened former Shas party head with violence.

Are machine gun shots all night long and the death from a “work accident” not enough evidence for the EU court?

“It was crucial to my survival knowing that I was not forgotten.“

Feiglin decided he and the Likud party are better off if he fights on only one front, not two or three.

Join Meir Panim’s campaign to “light up” Chanukah for families in need.

I’m sorry, but Naftali Bennett decided to dress up as an aging Tel Aviv Hipster and… apologize…

The New York premier of Sony’s new film, “The Interview” has been scrapped due to a terror threat.

Harvard boycotts SodaStream to avoid offense to Palestinian Arab students.

FM Avigdor Liberman refuses meeting in Jerusalem with Swedish counterpart over PA recognition.

The State Dept. re-defines “unilateral” and won’t veto a resolution that does not explicitly ”prejudge” outcome of peace talks.

Two-thirds of the Palestinian Authority fears criticizing leader Mahmoud Abbas, according to the latest poll. Does he still represent the PA people?

After 5 years in jail, Cuba has released Jewish-American Alan Gross.

More Articles from Tzvi Ben-Gedalyahu
Sydney has banned the  Chabad menorah from being lit this year because of the murders in the Lindt cafe.

Is Sydney also going to turn out the lights on Christmas trees?

This masked "soldier" carrying a machine-gun is not part of a terrorist organization, according to the European Court of Justice.

Are machine gun shots all night long and the death from a “work accident” not enough evidence for the EU court?

The State Dept. re-defines “unilateral” and won’t veto a resolution that does not explicitly ”prejudge” outcome of peace talks.

High housing prices are blamed, but has anyone suggested that working for a living might help?

The decision may boomerang on Hamas once the court studies new evidence to prove Israel’s case.

Abbas’ counting on vocal support doesn’t mean he knows how to count votes.

Cannabis is being touted as a cure for diseases from diabetes to Parkinson’s and epilepsy.

The defense lawyer accuses the government of ignoring radical left-wing extremists.

Printed from: http://www.jewishpress.com/news/breaking-news/pa-finance-minister-quits-in-frustration/2013/03/03/

Scan this QR code to visit this page online: