EU contributes Euros 24.5 million to PA payment of August salaries and pensions

JERUSALEM, The European Union announced today a contribution of Euros 24.5 million to the payment of the August salaries and pensions of nearly 56,000 Palestinian civil servants and pensioners in the West Bank.

This contribution is funded by the European Union as part of its Direct Financial Support to the Palestinian Authority channeled through the PEGASE mechanism.

EU Acting Representative Tomas Niklasson said, ‘We are aware of the deep and complex financial crisis facing the Palestinian Authority. Our expectation is that economic and fiscal agreements between Israel and the Palestinian Authority should continue to be fully implemented, including obligations under the Paris Protocol.

The Palestinian institutions are delivering health, education, and security to millions of Palestinians. This should be in the interest of all parties, Niklasson added.

He said the EU will continue to provide financial support in order to secure the PA’s fiscal sustainability and protect its institution-building achievements.

Source: Palestinian News & Info Agency