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  21th December 2014    Time 06:00 Jerusalem Rights Groups Denounce Israeli Court’s Rejection of Petition to Allow Gazans Entry into Israel to Attend Court Hearings      Nigerian Government Reaffirms Support for Palestinians’ Rights to Self-determination, Statehood      UN General Assembly Overwhelmingly Adopts Resolution on Permanent Palestinian Sovereignty over their Natural Resources      Tension Continues in Jerusalem, Injuries and Arrests Reported in Clashes      EU Missions Express Concern over Israel’s Deportation of Five Jerusalemites      Newspaper Review: Israel’s Suppressing of Friday Peaceful Marches across West Bank Focus of Dailies       Israeli Fighter Planes Breach Truce Agreement, Fire Missile into Gaza      Weather Forecast: Chance of Sporadic Rain Showers through Tuesday      Patriarch Twal: Cremsian Case Source of Concern       UNRWA Urges Funding for Gaza Unprecedented Destruction       Abbas: Palestinian State by 2017       PEX Report: Index Continues Up      Israeli Police Arrests three upon Settlers Incursion into Al-Aqsa       Daily Assaults Continue: Israel Arrests Nine in West Bank, Jerusalem      New Elementary Boys’ School in Hebron's Beit Kahil
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Abbas Approves 2012 Budget, Says Official

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RAMALLAH, April 10, 2012 (WAFA) – President Mahmoud Abbas Tuesday approved the Palestinian Authority 2012 budget, said Palestinian government spokesman Ghassan Khatib.

 

A statement by the Cabinet stated that the 2012 budget is $3.54 billion with a current deficit amounting to $1.3 billion.  

 

The 2012 draft budget downsized the government’s dependency on foreign aid, as well as cut down the budget’s deficit, which formed only 10% of the gross domestic product (GPD) in 2012, compared to 13% in 2011 and 22% in 2008, said the statement.

 

The budget indicated a decrease in expenditures from 47% in 2008 and 35.1% in 2011 to 32.6% in 2012.

 

M.H./F.R.

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