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UN: Israeli occupation costs Palestinians $48 billion

MEMO | December 2, 2019

A UN report found that the fiscal cost of Israeli occupation for the Palestinian people in 2000-2017 period is estimated at $47.7 billion, or three times the size of the Palestinian economy in 2017, reports Anadolu Agency.

Mutasim Elagraa, an economist with the UN Conference on Trade and Development (UNCTAD), discussed the report Monday at a news conference in Geneva.

“In the last decade, several UNCTAD studies and reports have addressed the Palestinian fiscal leakage to Israel,” said Elagraa.

The report – entitled Economic cost of the Israeli occupation for the Palestinian people: Fiscal aspects – will be presented to the UN General Assembly on Tuesday.

“This fiscal leakage prompted other international organizations to bring this issue into question, which helped in retroactively retrieving part of the fiscal resources of the Palestinian National Authority (PNA) from Israel,” he said.

The economist said the estimate comprises lost public revenues and interest payments.

According to the report, it includes $28.2 billion in estimated accrued interest and $6.6 billion of leaked Palestinian fiscal revenues to Israel, and the amount continues to rise.

“This estimated cumulative fiscal cost of occupation by Israel would not only have eliminated the Palestinian budget deficit estimated at 17.7 billion US dollars during the same period. It would have also generated a surplus nearly twice the size of the deficit,” Elagraa said.

Alternatively, it would have increased more than tenfold the Palestinian government’s development spending, pegged at $4.5 billion during the period under review, according to the report.

December 2, 2019 - Posted by | Economics, Ethnic Cleansing, Racism, Zionism | , , ,

3 Comments »

  1. Yes, the Palestinians could have done all sorts of useful things with that money, and that is precisely why the Zios stole it. All part of ‘encouraging the goyim to emigrate’.

    Comment by traducteur | December 2, 2019 | Reply

  2. After the illegal creation of Israel in 1948 the minority Jewish population set about to exile the Muslim & Christian inhabitants & confiscate their lands by any & every means possible.
    It was the Zionist Real Estate Plan to get cheap land for homeless Jewish people displaced by WWII.
    Sort of a redo of the Christian Crusades against Muslims of centuries ago revived to install Jewish dominion over the Middle East with the backing of fake unchallenged Jewish History ?

    https://www.sott.net/article/233230-Senior-Israel
    .

    Comment by trueman2u | December 2, 2019 | Reply

  3. This is an unsettling way to end my day and head for bed, but I’m glad to have opened to it.

    [I read a report by a respected economist perhaps 10 years ago that the US’ unstinting obeisance to the Zionist enterprise had cost $3 Trillion in lost trade, infrastructural construction projects, other opportunities in culture/arts, etc. (lost primarily to Europe, I inferred). If we add, as we must, the “cakewalk” war atrocities Wolfowitz/Cheney/Dubya/Obama et al have committed on Iraq, Afghanistan, Libya, Syria…, surely that figure has now got to be closer to 13 or 15 or 20 Trillion$. Make America Great Again?–sh*t, Trump hasn’t a clue….]

    Comment by roberthstiver | December 3, 2019 | Reply


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