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Palestinian Reform and Development Plan - Trust Fund (PRDP-TF) : second quarterly review update (April - June 2012) (English)

In the first half of 2012, the Palestinian Authority (PA) continued to deal with an increasingly difficult fiscal situation. The recurrent deficit for the first half of 2012 was 32 percent above its budget target amounting to NIS 2.4 billion. Clearance revenues performed well throughout the first half of 2012 despite not hitting their optimistic budget target. Nonwage expenditures for the first half of 2012 exceeded the budget by 9 percent and were 7 percent higher than the same period in 2011, amounting to NIS 2.7 billion. In order to offset the increase in transfer payments, the PA had to place tight control on operational and minor capital expenditures. Development spending for the first half of 2012 amounted to NIS 444 million and was 33 percent lower than its budget target. During Q2 2012, Ministry of Social Affairs, or MoSA has continued to provide assistance to households in World Bank and Group, or WB&G through the National Cash Transfer Program (NCTP). During the first half of 2012, the PA's dire fiscal situation continued to persist.

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Palestinian Reform and Development Plan - Trust Fund (PRDP-TF) : second quarterly review update (April - June 2012) (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/530361468140639711/Palestinian-Reform-and-Development-Plan-Trust-Fund-PRDP-TF-second-quarterly-review-update-April-June-2012