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.
Detalhes
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Data do documento
2012/06/30
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TIpo de documento
Documento de Trabalho
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No. do relatório
73880
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Nº do volume
1
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Total Volume(s)
1
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País
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Região
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Data de divulgação
2012/11/27
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Disclosure Status
Disclosed
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Nome do documento
Palestinian Reform and Development Plan - Trust Fund (PRDP-TF) : second quarterly review update (April - June 2012)
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Palavras-chave
budget target;net lending;recurrent deficit;fiscal situation;pension reform;budget call;capital expenditure;Municipalities;local debt;tax revenue;income tax collection;wage expenditure;tax base;property tax receipts;collection of tax;vulnerable household;income tax payment;pension payment;distribution company;domestic revenue;budget support;tight fiscal situation;real economic growth;private sector company;operational expenditure;income tax rate;investment promotion law;cabinet for approval;public procurement law;lack of liquidity;tax administration system;education and health;financial statement;electricity distribution;source of financing;tax performance;
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