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Israel to use withheld Palestinian tax funds to pay PA's $544M debt to Israeli electric company.
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).
This move comes after Smotrich withheld funds destined for Gaza's administration expenses following the 2023 conflict.
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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Israel utilizará fondos fiscales palestinos retenidos para pagar la deuda de $ 544M de la Autoridad Palestina con la compañía eléctrica israelí.