Israel Palestine Conflict

Palestinian Authority receives $114 mln from Israel, more funds on the way: Norway

Published: Updated:
Read Mode
100% Font Size
3 min read

The Palestinian Authority has received 407 million shekel ($114 million) from Israel, with more funds on the way in the coming days, following an agreement earlier this month to release frozen tax funds, the Norwegian government said on Thursday.

Norway on Feb. 18 said it had agreed to assist in the transfer of funds earmarked for the Palestinian Authority (PA) that were collected by Israel, providing vital funding to the Western-backed entity.

For the latest updates on the Israel-Palestine conflict, visit our dedicated page.

“This money is absolutely necessary to prevent the collapse of the Palestinian Authority, to ensure that the Palestinians receive vital services, and that teachers and health workers are paid,” Norwegian Prime Minister Jonas Gahr Stoere said.

More transfers were expected in “the coming days,” he added without specifying the exact timing or the amount.

The PA exercises limited self-governance in the Israeli-occupied West Bank.

Under interim peace accords reached in the 1990s, Israel’s finance ministry collects tax on behalf of the Palestinians and makes monthly transfers to the PA. But a dispute broke out over payments in the wake of the Oct. 7 attack on Israel by Hamas from Gaza, a territory ruled by the Palestinian group.

Israel collects taxes on goods being imported to the Palestinian territories via Israeli territory, taking a 3 percent commission before transferring the rest to the PA. Israel controls all the frontiers of the Palestinian territories, but the Rafah crossing between Egypt and the Gaza Strip.

Under the agreed solution, Norway serves as an intermediary, holding tax revenue equal to the portion that Israel estimates would have gone to Gaza, while the PA would receive the rest, the Nordic country has said.

Oslo also received, on Monday, the share of the money that it would hold on behalf of the PA. A statement from the Norwegian government did not say how much that share was worth.

The foreign ministry did not immediately reply to a request for comment.

Read more:

Norway to transfer frozen tax funds to Palestinian Authority from Israel

Norway to help unfreeze tax funds, transfer between Israel and Palestinian Authority

Israeli sources confirm troops fired at Palestinians waiting for aid in Gaza

Top Content Trending