The Palestinian Authority World Israel News JAN 13, 2025
Israel seizes $1.1 billion in Palestinian funds to cover the PA’s electricity debt
The money that Israel had intended to transfer to the Palestinian Authority after the war will instead go to pay the PA’s debts to Israel.
Israel has recovered funds that will pay for a decade-old $1.1 billion Palestinian Authority electricity debt by diverting money from the Norwegian Fund where money for the PA has been deposited since the beginning of the war, Israel HaYom reports.
Finance Minister Bezalel Smotrich told the Diplomatic-Security Cabinet Sunday about the process of collecting on the decade-old debt.
The Finance Ministry issued an order to the Norwegian Fund, into which Israel had been paying 275 million shekels monthly deducted from PA funds.
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