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August 5, 2003       Share:    

Source: http://www.haaretz.com/hasen/spages/325598.html

Israel Completes Hand-Over of Taxes Levied for PA

(Ha'aretz) Moti Bassok - Over the last four months, Israel has handed some NIS 2 billion to the Palestinians, thereby repaying all outstanding money owed to the PA. After deducting PA debts to Israeli companies, the Palestinian treasury received some NIS 1.15 billion from Israel. Israeli courts have ruled that the PA owed the Israel Electric Corp., the Mekorot water company, state-run hospitals, and government departments close to NIS 850 million. Israel will from now on transfer customs and tax money it collects on behalf of the PA on a monthly basis.

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