Recent polls by the Palestinian Central Bureau of Statistics and the Monetary Authority showed that the current account deficit of the Palestinian balance of payments in the first quarter of 2021 remains at $ 428 million.

Professional sources attributed the deficit in the current account to the deficit in In the balance of trade in goods, which amounted to $ 1363 million, in addition to the deficit in the balance of services, which amounted to $ 237 million.

On the other hand, the income account (employee compensation and investment income) recorded a surplus of $ 750 million for the first quarter of 2021.

The compensation of workers in Israel for the amount of US $ 707 million was the main reason for the surplus in the income account. 

The investment income received from abroad amounted to $ 83 million, which resulted mainly from the income received from investments in portfolios abroad, in addition to the interest received on Palestinian deposits in foreign banks.

The total current transfers from abroad amounted to $ 503 million, with the current transfers to the government sector constituting 10% of them, while the current transfers to other sectors accounted for 90%.

It is worth noting that the money transfers from donor countries accounted for only about 7% of all current transfers from abroad.