web analytics
October 23, 2014 / 29 Tishri, 5775
At a Glance
News & Views
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



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
Chaye Zisel Braun
Funeral for Chaye Zisel Braun Underway [photos]
Latest News Stories
Chaye Zisel Braun

The funeral for Chaye Zisel Braun began at midnight Wednesday night.

Car in Light Rail Runover

Al-Shaloudi was the nephew of the former Hamas chief and bombmaker Mohiyedine Sharif.

Aftermath of the vehicular terrorist attack at the light rail station near Ammunition Hill, Jerusalem, Oct. 22, 2014.

Arab media describes Hamas vehicular terrorist attack as ‘Palestinian ‘shot dead’ by Israeli police.’

Clashes in Silwan

Police tried to reach the home of the driver in Wednesday’s attack.

Hundreds of Jewish leaders from around the world who are part of the Jewish Agency for Israel Board of Governor will convene in Ashkelon, one of Hamas favorite targets for rockets and missiles, next week. The Board had been set to meet in Mexico as part of its annual rotation amongst the world’s Jewish communities, […]

With all due respect to the IDF, since when is drug smuggling not linked to terror?

A demonstration by 10,000 in Isfahan for women’s rights has morphed into a protest against Iran’s regime.

Syria says it bombed the jets as they were landing in Aleppo.

The baby that was injured in the suspected terror attack this evening died in the hospital.

The train company’s video of the event in Jerusalem that left 8 people injured.

Haifa-based Elbit Systems won an $88 million from an unnamed Asian country for various projects, most of them for an F-5 aircraft avionics upgrade program and the supply of electro-optic and communications systems, Elbit announced Wednesday. The F-5 fighter jet has been in operation for more than 40 years four decades, and is used by […]

Wouldn’t be a lot easier if fanatic Haredim would simply charter their own planes?

One dead, 8 injured, 2 seriously when a car (purposely?) drove into a group of people waiting for a train in Jerusalem.

Please see this article for the latest update. Updates as soon as available. UPDATE 4, 6:42 p.m. Israel Time: Official word from Superintendent Micky Rosenfeld, Israel Police Foreign Press Spokesman is that nine people were injured by a vehicle which struck people at the light rail station. The shots people heard were ones fired at the […]

A Canadian soldier was injured after being shot on Canada’s Parliament Hill.

More Articles from Tzvi Ben-Gedalyahu
An IDF soldier patrolling Israel's border with the Sinai.

With all due respect to the IDF, since when is drug smuggling not linked to terror?

A novel solution for gender separation, even though this probably is a PhotoShop job.

Wouldn’t be a lot easier if fanatic Haredim would simply charter their own planes?

Ban’s only interest in Gaza is to continue UNRWA’s occupation.

ISIS propaganda video warns “our grandchildren will sell your sons as slaves.”

Let’s raise funds to send her to Syria where she can put some sense in her head, if it stays attached.

It is hard to believe, but Egypt is now dependent on Israel for gas instead of the other way around.

Barzilai hospital searched for its resident doctor-turned-terrorist after he disappeared and discovered that he changed professions.

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: