The fiscal situation of the Palestinian Authority, which runs the West Bank, has worsened in the last three months, “significantly raising the risk of a fiscal collapse,” the World Bank said Thursday amid the war between Israel and Iranian-backed Hamas terrorists in the Gaza Strip.

“The rapidly widening gap between the amount of revenues coming in, and the amount needed to finance essential public expenditure, is driving a fiscal crisis,” it said.


© 2024 Thomson/Reuters. All rights reserved.

Read the full article here

Share.

Comments are closed.

Exit mobile version