Israel is doing what it said it would do: Money from Palestinian Authority taxes will be used to pay year long PA debt for electricity it used.
By Tzvi Ben Gedalyahu
Israel has decided to pay off Palestinian Authority debts for electricity by using tax money the government collects for it.
Finance Minister Yuval Steinitz ordered that 435 million shekels – more than $110,000,000 – not only will be withheld from the Palestinian Authority, but also will be transferred to the Israel Electric Corp, to cover part of an outstanding debt of $190,700,000 incurred by the PA during the past year. Continue Reading »