Palestinian PM hopes next year will witness a breakthrough in the financial crisis

Palestinian PM hopes next year will witness a breakthrough in the financial crisis

<br /> Palestinian PM hopes next year will witness a breakthrough in the financial crisis <br />

































Tuesday 27 Dec 2022 – 15:03 Makkah mean time-3-6-1444


(WAFA)

RAMALLAH (UNA-OIC) – Palestinian Prime Minister Mohammad Shtayyeh today expressed hope that next year will witness a breakthrough in the financial crisis that has gravely hurt the Palestinian economy and public employees.

Speaking at the start of the weekly cabinet meeting held in Ramallah, the Prime Minister stressed that the year 2022 was full of pain, during which more than 220 Palestinians were killed by Israeli soldiers, more than 9000 were wounded, 6,500 were detained, 832 buildings were demolished and 13,000 olive trees were uprooted.

Regarding the financial crises that afflicted the Palestinian economy during 2022, he said: “We faced complex crises, from which our national economy and financial budgets suffered due to the significant decline in international aid, the continuation of Israeli deductions from and the piracy of our money, and the repercussions of the coronavirus and the Ukraine war.”

Yet, he added, “we maintained a high economic growth rate, compared to many countries, as we achieved a growth of 3.6%, the level of investment increased by 15.3%, and the industry’s contribution to the gross domestic product increased to 11% while the share of agriculture rose to 6.2%.” Meanwhile, exports increased by 7.3% and imports by 16.9%.

Shtayyeh also pointed out that unemployment in the West Bank decreased from 19% when he took over the government to become 12.6% today, but it remained high in the Gaza Strip due to 16 years of tight Israeli blockade and division, where it remained at about 46.6%.
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