web analytics
March 31, 2015 / 11 Nisan, 5775
At a Glance
News & Views
Sponsored Post


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.

Current Top Story
More than 40 were killed in the bombing of a Yemeni refugee camp by the Saudi-led strike force.
Attack on Yemeni Refugees Makes Israel Look Like the Girl Scouts
Latest News Stories
Pesach Sacrifice 2015 4

The Temple Institute renacted the entire Pesach sacrifice ceremony.

Colel Chabad Bar Mitzvah at the Kotel for 113 orphans.

“On days like today we want these children to feel the joy that any normal child experiences on their bar mitzvah.”

Sassoon Family Funeral

A family. 7 Children. An indescribable tragedy. How do they go on? How do we react? And what lessons are we supposed to learn?

More than 40 were killed in the bombing of a Yemeni refugee camp by the Saudi-led strike force.

More than 40 refugees were killed in a Saudi-led air strike while PA office accuses Israel crime by building homes.

The military implicitly admits to having improperly allowed a missionary group to indoctrinate soldiers.

Talks are likely to extend beyond Obama’s self-imposed deadline that he had said he won’t change.

The Iranian regime is hard up for propaganda, but maybe it is prophesying the future.

The Arabs rolled burning tires and three rocks at soldiers at the central Gaza security fence.

The Histadrut national labor union and the Federation of Israeli Employers have agreed to raise the minimum wage to 5,300 shekels ($1,334) by 2017, approximately half the average salary in Israel. The employers and the union previously agreed to a three-stage hike in the minimum wage. The latest agreement adds a fourth stage whole pegging […]

The clowns are back in town while ringmaster Netanyahu tries to tame the beasts.

A Reuters poll shows that America is increasingly polarized, especially about President Obama.

Prime Minister Binyamin Netanyahu continued to lash out at a possible “bad deal” with Iran Monday and said, “The agreement being formulated in Lausanne sends a message that there is no price for aggression and on the contrary – that Iran’s aggression is to be rewarded.” Netanyahu said in a statement: The moderate and responsible […]

Release of a gag order reveals that the Israeli citizen and a friend traveled to Syria last year.

Lausanne has become the center stage of act that would put the world’s best novelist or Broadway producer to shame.

Inspections of Iranian nuclear sites won’t uncover possible nuclear activity in North Korea, or even China.

Colel Chabad and IFCJ have made sure thousands of Israelis will celebrate Passover with good food this year.

More Articles from Tzvi Ben-Gedalyahu
More than 40 were killed in the bombing of a Yemeni refugee camp by the Saudi-led strike force.

More than 40 refugees were killed in a Saudi-led air strike while PA office accuses Israel crime by building homes.

Missionaries in the Tel Aviv area.

The military implicitly admits to having improperly allowed a missionary group to indoctrinate soldiers.

Talks are likely to extend beyond Obama’s self-imposed deadline that he had said he won’t change.

The Iranian regime is hard up for propaganda, but maybe it is prophesying the future.

The Arabs rolled burning tires and three rocks at soldiers at the central Gaza security fence.

The clowns are back in town while ringmaster Netanyahu tries to tame the beasts.

A Reuters poll shows that America is increasingly polarized, especially about President Obama.

Release of a gag order reveals that the Israeli citizen and a friend traveled to Syria last year.

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: