The Palestinian aid pie

With Western aid suddenly in question following Hamas’ victory in legislative elections, the Palestinians could face a serious money crisis.

 

Here is a look at the Palestinian finances:

 

Budget

2005 total: $1.96 billion

2006 projected deficit: $660 million.

 

Foreign Aid

Total annual aid: $900 million

 

Major donors

• The EU and individual European nations: $570 million($270 million for salaries of Palestinian workers and $300 million for development and infrastructure projects)
• United States: $300 million for development projects
• Saudi Arabia. $46 million.

 

Tax revenues

2005 (projected): $396 million

 

Additional income:

Customs duties and value added tax collected by Israel

each month: $55 million.