The Kingdom of Saudi Arabia recently announced that it had transferred around $60.000.000 to the Palestinian Ministry of Finance to help cover some of its expenses for the months of July, August and September.The money is transferred through the Saudi Fund for Development; it comes as part of monthly aid (20 Million) from Saudi Arabia, as part of its pledge through the Arab League, along with other Arab countries.
Back in February of this year, the Palestinian Authority said its budget for 2014 is around $4 billion, with a $250.000 budget deficit.
The P.A needs at least $150 million a month just to pay salaries for government employees, pensioners and social services.
It needs nearly a similar amount to provide basic services and infrastructure.
On Monday, the National Unity Government started transferring salaries to local banks in the West Bank, while Gaza Strip employees and beneficiaries have not received any money since the unity government was formed more than three months ago.
Two days ago, Prime Minister of the interim government in the West Bank Rami Hamdallah said the P.A is now working with a third party who will likely be temporarily paying salaries of Gaza Strip employees.
He refused to name the third party, but said talks and arrangements are being made to ensure the payments go through.