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flag Israel to use withheld Palestinian tax funds to pay PA's $544M debt to Israeli electric company.

flag Israeli Finance Minister Bezalel Smotrich plans to use tax revenue collected for the Palestinian Authority (PA) to pay the PA's debt of nearly 2 billion shekels ($544 million) to the Israel Electric Co (IEC). flag This move comes after Smotrich withheld funds destined for Gaza's administration expenses following the 2023 conflict. flag The funds, previously frozen in Norway, will be redirected to clear the IEC debt, escalating tensions between Israel and the PA.

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