Israel will effectively transfer of 600 million shekels ($176 million) to the Palestinian Authority, despite deciding on Sunday to deduct a similar amount deducted due to Ramallah's policy of paying terrorists and their families. The deduction is required under a law that seeks to punish the Palestinian Authority of its constant payment fo salaries to those who have perpetrated terrorist acts or to their families, but a separate mechanism that has already been set in motion will offset this.
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Previously, the PA received NIS 500 million ($147 million) as a loan from Israel, a sum it has not yet repaid. In addition, Israel moved up the payment of import taxes collected on behalf of the PA (since it does not have its own borders). This means that through this accounting trick – the loan and the tax money – the Palestinians will not be significantly impacted by the deduction of the "pay-for-slay" funds.
Earlier, the defense, foreign, and finance ministries concealed the amount of a loan for the Palestinian Authority of about half a billion shekels. The secret loan goes against the law and supports terrorist stipends.
The move was approved by Defense Minister Benny Gantz after meeting PA leader Mahmoud Abbas.
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