Palestinians to Get Israeli Help With Budget Deficit
Israel will give the Palestinian Authority $6.5 million to cover current expenses in the self-rule areas of the Gaza Strip and Jericho, Israel’s Treasury said Wednesday.
In 1993, Israel agreed to give the Palestinian Authority $25 million in aid over five years. The first $4 million was disbursed last year.
The funds were intended to finance development projects in the autonomous areas. But in light of the budget deficit, estimated to reach $136 million for the last nine months of 1995, the Israelis decided to redirect their aid this year.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
