[Sunday Telegraph-UK] Josh Mitnick - Salam Fayyad, 54, who is poised to start his second stint as PA Treasury chief in a new "unity" government, said that Palestinian finances have descended into such chaos that he has no idea where much of foreign donors' money has been spent in the 14 months since Hamas won elections. An estimated £362.5 million has flowed into Palestinian government coffers from abroad since the election that brought Hamas to power including £59.5 million from the EU. PA spending is out of control, salaries are being paid to workers who never turn up, and nobody can track where the money is going, according to Fayyad.
2007-03-12 01:00:00Full ArticleBACK Visit the Daily Alert Archive