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...
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