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Palestinians in crisis, pledged aid not received (AP) Associated Press) RAMALLAH 07/11/12 1:24 pm ET) Source: http://old.news.yahoo.com/s/ap/20120711/ap_on_re_mi_ea/ml_palestinians_financial_crisis;_ylt=As.AgO8lXW06ip9D2.SnhkYLewgF;_ylu=X3oDMTM3YnVpMDEwBGFzc2V0A2FwLzIwMTIwNzExL21sX3BhbGVzdGluaWFuc19maW5hbmNpYWxfY3Jpc2lzBHBvcwMxMwRzZWMDeW5fcGFnaW5hdGVfc3VtbWFyeV9s
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RAMALLAH, West Bank – The Palestinian finance minister says his self- rule government is facing its worst financial crisis in years because donor countries have paid only $466 million of $1.2 billion promised this year.
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The Palestinian Authority, which administers 38 percent of the Israeli-occupied West Bank, depends on foreign funding, in part because of Israeli restrictions and a bloated public payroll.
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Finance Minister Nabil Qassis said Wednesday that Arab countries have not kept promises, including Saudi Arabia, which pledged $95 million. Palestinian President Mahmoud Abbas visits Saudi Arabia this week.
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Qassis says the U.S. failed to transfer $200 million expected in June.
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The crunch means civil servants, the largest group of workers, get only partial salaries this month.
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The Palestinian Authority owes hundreds of millions of dollars to the private sector and to banks. (© 2012 The Associated Press 07/11/12)
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