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Drop in Foreign Funding to Force Cuts in Palestinians' Budget

Foreign financial support to the Palestinian budget is running at about half the forecast level, the Palestinian prime minister told local media Tuesday, meaning deep cuts will have to be made to the budget this year. At its cabinet meeting, the government said it expected to run a budget deficit of 4.12 billion shekels in 2017 ($1.06 billion), approaching 15 percent of gross domestic product. "We had expected to get $1.2 billion in [external] support and offers but we have only...

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