The Palestinian Authority’s fiscal situation is “unsustainable,” a World Bank report said. The main reason is “unconstrained government consumption,” particularly its huge salaries. The Palestinian Authority is the main employer of Palestinians and sustains much of the economy through its salaries. The overall economy is performing 30 percent below its pre-intifada capacity, the World Bank said, which is primarily a result of “restrictions on the movement of people and goods.” Israel maintains a number of security strictures on the Palestinians to stem terrorist attacks. The report describes the socioeconomic situation as “precarious.”
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
