Palestine Economic Update
Palestine Economic Update - August 2024
author: Palestine Economic Policy Research Institute - MAS
year: 2024
The August issue of the Palestine Economic Update discusses a selection of developments affecting the socio-economic scene in Palestine, including the repercussions of the war on Gaza, continuing for eleven months in a row.
Update Highlights:
- The PA's 2024 Emergency Budget faces a significant ILS 5.5bn deficit due to sharp declines in domestic (21.4%) and clearance revenues (21.7%).
- The PMA warned that Israel's refusal to accept excess Israeli Shekel banknotes could jeopardise trade and the broader Palestinian economy.
- A new EU project aims to support the Palestinian private sector and boost exports. Trade with the EU remains minimal despite long-lasting trade agreements due to movement and access restrictions.
- Israel's expansion of cellular coverage in the West Bank, including a new tower near Ramallah, threatens Palestinian telecom operators, exacerbated by delays in deploying 4G.
To read the full issue, Find Attached :