RAMALLAH, August 9, 2012 (WAFA) – Minister of Finance Nabil Qassis said Thursday that salaries for over 170,000 public employees will be deposited in the banks on Monday.

However, he said while 90% of the employees will be paid in full, the remaining, that is those who get more than 4000 Israeli shekels (app. $1000), will only get 70% of their salary while the remaining 30% will be paid later.

The Palestinian Authority has been facing the most critical financial crisis in its history, forcing the treasury to either be very late in paying salaries or dividing them into two payments.

M.H./M.S.