Prime Minister Benjamin Netanyahu convened an urgent meeting with Finance Minister Moshe Kahlon on Sunday to discuss the crumbling Palestinian economy in the West Bank, Channel 12 TV news reported.
According to the report, Israeli leaders are concerned that the Palestinian Authority is close to collapse in the wake of PA President Mahmoud Abbas' refusal to accept tax revenues collected by Israel, which the government has reduced over the PA's insistence on paying monthly stipends to terrorists and their families.
The tax cut amounts to approximately 500 million shekels ($140 million), which constitutes more than half of the PA's monthly budget.
Abbas, meanwhile, has reiterated that the PA would continue to pay prisoners in Israeli jails.
On April 21, the Arab League pledged $100 million per month to the PA to make up for the funds withheld by Israel.
This article was originally published by i24NEWS. Read more at https://www.i24news.tv/en.
