Middle East Economic Survey

VOL. XLVIII

No 31

1-August-2005

PALESTINE

Palestinian Minister Says Budget Deficit To Rise To $900Mn

Palestinian Minister of Finance Salam Fayad said last week the Palestinian Authority (PA) expected the budget deficit in the current fiscal year to rise to $900mn, the highest in the past four years mainly as a result of higher expenditure on wages in the public sector. Mr Fayad added that the deficit also increased from $600mn last year because of a delay in receiving...