Once
your in front of any project under construction in Palestine in general
and in the Gaza Strip, a private, quickly comes to mind as an
international -zizi Algari- granted, especially since the panel bearing
the phrase "This project is funded by ..." be placed next to her, but
the fact is so - according to specialists in economic affairs spoke of "minimum home" with them.Economists confirms that the majority of these projects are usually loans payable by the Palestinian Authority, arguing that the benefits on the size of some of them have accounted for up to 50%.It is noteworthy that there are two types of loans are: foreign loans, which borrowed the Palestinian Authority from various sources from outside the World Bank and donor countries, and internal borrowing by the authority of the local banks, in order to bridge the budget deficit for the fiscal year, which borrowed it, and taken from several sources, such as Palestinian local investment and commercial banks fund.Affirms Professor of Economics at Al-Azhar certain Recep University, that when he is getting the grant, the labeled written it sometimes does not give the full significance of all that in the agreement, noting that it is possible to be a grant without payment or bonus pay in the form of facilities, or in the form of projects , all it is clear upon receipt of the Palestinian Authority this grant from the donor side.He says Rajab's "minimum homeland": "no financial work between nations must be by holding a clear contract between the parties, which shows the value of the grant or loan and how to repay the term payable where and is it refundable or not and how to recover?"
"All things are contained, but these things take place in exceptional
circumstances and is charged to the beneficiary countries, the basic
principle is that any agreement in this regard should pass through the
parliament even approved and verified the nature of the use and
repayment."In this regard, the Palestinian Basic Law as amended in 2005, Article
92 states that "the complexity of public loans law may not engage in a
project resulting in funds from the Public Treasury to spend time to
come only with the consent of the Legislative Council."As
for the loans held by the Palestinian National Authority size,
indicated the data received on the tongues of Palestinians economists in
a research paper on the Palestinian Authority loans prepared by the
researcher glory Michelle lobby, and published in the newspaper
civilized dialogue number 2840 that the Palestinian public debt due
until the first quarter of 2004 is estimated one billion and 875 million dollars, one billion and 320 million foreign loans and the remaining $ 555 million domestic loans.According to research for the same paper, the first loan to the
Palestinian Authority is $ 15 million in 1993, but accelerated
dramatically to arrive after ten years to $ 1.3 billion spread over 62
loan, plus the $ 20 million until the end of the first quarter of 2004.All of these estimates and loans owed by the Palestinian Authority
until 2004 but after that difficult to be identified and for several
reasons, including: the internal Palestinian situation and the
Palestinian-Palestinian conflict, and not to the possibility of the
Palestinian Legislative Council for the adoption of the budget plans.In turn, confirms the specialist press in economic affairs Mohammed
Abu Giap, most of the projects that are payable by the Palestinian
Authority, and not purely international grants loans.He
says Abu Giap's "minimum homeland": "The majority of the projects
carried out in Palestine in general and Gaza in particular, and placed
next to her plate bearing the phrase" This project is funded by ...
"does not necessarily mean that these funds grant to the Palestinian
Authority, but that the majority of loans payable by the authority and that the benefits to the size of some of them have up to another 50%. "
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