Budget, Debt, and Deficits


Hamas and the Shrinking PA Budget

Author: Esther Pan

The Palestinian Authority is in a budget crunch after Hamas, a group listed as a terrorist organization by both the European Union and the United States, won January's elections, yet refused to renounce violence or recognize Israel. This prompted a suspension of hundreds of millions of dollars in aid payments. Iran and Arab countries vow to make up the difference, but experts question the reliability of such pledges.

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