|
Trending Topics
|
Source: http://www.globes.co.il/serveen/globes/docview.asp?did=1000897699&fid=1725
Palestinian Electricity Debt Passes NIS 1B
(Globes) Amiram Barkat - Palestinians' debt to the Israel Electric Corporation exceeded NIS 1 billion by the third quarter of 2013. Palestinian consumers frequently do not pay their electricity bills, and Israel used to deduct the debt from the Palestinian Authority's VAT revenues. This practice was halted at the order of the U.S., and the Palestinians' debt has since ballooned undisturbed. This means that the Palestinians' electricity debt is becoming a time bomb.