For the third month in a row, Palestinian President Mahmoud Abbas has refused to accept the money Israel gives monthly to the Palestinian Authority ”if the amount is not complete”.
Israel collects taxes from her citizens to be given to the Palestinians for economic purposes. The Knesset passed a law this past February to deduct from these taxes the annual amount the Palestinian Authority pays to terrorists and their families for carrying out terrorist attacks. The money that is deducted comes out to roughly 10 million Euros per month.
Mahmoud Abbas’s continues to refuse to take the rest of the money collected on his people’s behalf until the ‘terrorist money’ is restored.
As result, Abbas has drastically cut down funding for essential public services and all government officials. He also ordered all municipal officials in the West Bank to stop paying electricity bills to the Israeli National Electricity Company. Over the past three months, the PA’s electricity debt has increased from 300 million shekels to 2 billion shekels.
In tandem with the turmoil of new elections being called, Israeli Prime Minister Benjamin Netanyahu will have to deal with the severe ramifications of a Palestinian economic collapse.