NO. 29


Financial and Banking News

Public Finance

Palestinian Authority Budgets For $135Mn Deficit

Initial reports suggest that the Palestinian National Authority (PNA) willrun a deficit of $135mn for the six months from April to September 1995.According to the Arabic daily al-Sharq al-Awsat, the authority will announce abudget of $444mn, of which only $216mn is expected to come from tax revenue. Thebalance will come from donors and deficit financing.

The budget, drawn up...