No Israel funds for Palestinian Authority
3 Dec 2012 12:23 AM GMT
Upset at Palestinians' successful UN bid, Israel on Sunday said it will withhold nearly USD 115 million in taxes and other funds it collects for the cash-strapped Palestinian Authority.
Israel said the money would be used to offset the debt Palestinians owe to Israel's Electric Corporation.
Israel's cabinet on Sunday also unanimously decided to reject the UN decision to upgrade Palestine's status stating that the UN General Assembly decision ‘will not serve as the basis to future negotiations with the Palestinian Authority and it cannot advance a peaceful solution’.
The confiscation of funds totalling NIS 460 million (about USD 115 million), which are utilised for paying salaries to PA officials, does not come as a surprise as Israel had warned of the move ahead of the UN vote.
Israel said the money would be used to offset the debt Palestinians owe to Israel's Electric Corporation.
Israel's cabinet on Sunday also unanimously decided to reject the UN decision to upgrade Palestine's status stating that the UN General Assembly decision ‘will not serve as the basis to future negotiations with the Palestinian Authority and it cannot advance a peaceful solution’.
The confiscation of funds totalling NIS 460 million (about USD 115 million), which are utilised for paying salaries to PA officials, does not come as a surprise as Israel had warned of the move ahead of the UN vote.
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