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A Government plan for a rapid economic recovery to prepare for the implementation of package projects for infrastructure

2007-07-08

A Government plan for a rapid economic recovery to prepare for the implementation of package projects for infrastructure

Al-Ayyam: The Governments hopes for a “speedy recovery” have been prepared by the Ministry of Planning and approved by the Cabinet last Wednesday. This is in order for a fundamental change in the overall investment environment in the Palestinian territories. This places the Palestinian economy on the threshold of a new start with the beginning of next year. Therefore in order to give approximately $250 million a month for six months. The Minister of Planning Dr. Samir Abdullah stated to “Alayyam Newspaper”: One of the cornerstones of the recovery plan is the rapid regular payment of salaries to the Palestinian Authority employees and social allocations totaling about $120 million per month. As well as the operational expenses of ministries and public institutions, this is estimated to be between 30 to 40 million dollars a month.” Dr.Adbullah also stated:” The Government is fully committed to this above. As for the employees late owed salaries they amount up to 700 million dollars. The private sectors dues amount to about 350 million. There will be a part of their monthly payment fees available”. The minister pointed out,” The plan consists of two major components:

 

  • The first focuses on humanitarian programs such as food especially to Gaza and the poorest areas in the West bank and programs to resist unemployment.
  • The second part of the plan includes the urgent development needs in the various areas of infrastructure, the implementation of everything that can be implemented within 6 months of road projects, electricity, water and sanitary drainage. Also to meet urgent needs in the healthcare area and education as well as assisting the private sector to continue to rise up against obstacles.

     


 

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