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  31th August 2014    Time 07:19 Jerusalem Spain Expresses Satisfaction at Indefinite Ceasefire Agreement in Gaza      Malaysian Foreign Ministry Hopes Ceasefire Agreement Heralds Lifting of Gaza Blockade      Newspaper Review: Crushing Weekly Friday Rallies, Ongoing Settlement Construction Focus of Dailies      PPS: Israeli Authorities Arrested 597 Palestinians during August      Weather Forecast: Relatively Hot Weather      Settlers Cut Down Palestinian-Owned Trees near Hebron      Hamdallah Briefs British Parliament Members on latest Political Developments      Newspaper Review: Dailies Highlight Implications of Ceasefire Declaration      PEX Report: Index Closes Week Trading in Decline      Hollande Urges Europe to Play More Active Role in Ending Palestinian-Israeli Conflict      Israeli Forces Arrest 14 in West Bank      Prisoners Ministry: Israel Practices Inhumane Violations against Palestinian Minor Detainees      Israeli Army Closes Village Entrances near Nablus      Settler purposely Runs Over Palestinian near Hebron      Weather Forecast: Hot Weather Prevails
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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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