Saudi Arabia contributes $30.8 million to Palestinian budget

MENA

Published: 2017-08-21 09:57

Last Updated: 2017-08-21 10:16


Palestinian President Mahmoud Abbas (R) meets Saudi Arabia's Prince Waleed bin Talal in the West Bank city of Ramallah, March 4, 2014. (Reuters)
Palestinian President Mahmoud Abbas (R) meets Saudi Arabia's Prince Waleed bin Talal in the West Bank city of Ramallah, March 4, 2014.  (Reuters)
Roya News Source

Saudi Arabia has transferred $30.8 million to the Palestinian Authority’s treasury, as part of its financial aid to Palestine, Saudi Arabia’s ambassador to Egypt, Ahmad Qattan, said on Sunday.

In a statement, Qattan announced that Saudi Arabia was committed to supporting the Palestinian Authority’s budget with $7.7 million a month, with the total $30.8 intended to cover the period from April through July.

Saudi Arabia will continue to support the Palestinian cause on the political, humanitarian and economic levels, Qattan said.

The PA had previously expressed frustrations that Saudi was not living up to its obligations of financial support.

Last year Oct. 30, the director of the Budget Department at the Palestinian Ministry of Finance, Farid Ghannam, commented on Saudi Arabia's failure to meet its financial obligations toward the PA, per the Oslo Accord signed between Palestinians and Israelis in 1993.

He noted that no contribution had been made since April, adding that the value of this seven-month failed contribution was an estimated $140 million.