The World Bank said, “The risk of financial collapse of the Palestinian Authority is increasing after the deterioration of its financial situation in the past three months.”

The bank added that the rapidly widening gap between the volume of revenues and the amounts needed to finance basic public expenditures is leading to a financial crisis.

It is noteworthy that the extremist Israeli Minister of Finance, Bezalel Smotrich, threatened, the day before yesterday, that he will no longer transfer clearing funds until further notice, and also will not extend compensation to the banks (Israeli that have transactions with Palestinian banks), at the end of next month, in response to Norway’s decisions. Spain and Ireland recognize the State of Palestine

Source: Maan News Agency