Palestinian Authority may declare bankruptcy
The Palestinian Authority is mulling the possibility of declaring financial bankruptcy, Kan Reshet Bet, Israel’s Public Broadcasting service, reported on Wednesday.
The decision would entail the complete closure of P.A. government offices, leading to possible instability in Judea and Samaria, as the P.A. is the largest employer in the areas under its control.
A large number of Palestinian security personnel have already resigned and are looking for work in the private sector, the news site reported. In recent months, they have been receiving 80% of their salaries, and many have gone into debt, upon which the banks close their accounts.
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Tensions are already high in Judea and Samaria, as the P.A. appears to have effectively lost control of northern Samaria, and violence has increased dramatically.
https://www.jns.org/israel-palestinianconflict/palestinian-authority/23/6/29/298902/
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