Economic Monitoring Report to the Ad Hoc Liaison Committee

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/24390

关键词：

LIVING STANDARDS;  TERRORISM;  DEFICIT;  MONETARY POLICY;  PLEDGES;  REGULATORY FRAMEWORK;  LIABILITY;  BANK BORROWING;  CHECKS;  DEPOSITS;  LIQUIDATION;  STOCK;  PRIVATE LENDING;  VALUATION;  DISTRIBUTION OF CREDIT;  PROMISSORY NOTES;  DOMESTIC BORROWING;  GUARANTEES;  PRIVATE CREDIT;  EXCHANGE;  ECONOMIC DEVELOPMENTS;  BANKING SYSTEM;  PAYMENT SYSTEM;  LIQUIDITY;  TAX OBLIGATION;  TAX COLLECTION;  BLACK MARKET;  REVENUES;  MORTGAGE;  CAPACITY BUILDING;  LOAN;  TAX;  CASH TRANSFER;  INCOME TAX;  BANKRUPTCY;  PLEDGE;  INFLATION;  PENSION;  REPAYMENT SCHEDULE;  BUDGET;  BANK LENDING;  CENTRAL BANK;  LABOR MARKET;  CURRENCY;  LOCAL BANKS;  TELECOMMUNICATIONS;  DISBURSEMENT;  ECONOMIC TRANSACTIONS;  FINANCES;  EXCHANGE RATES;  TRADING;  TAX EXEMPTIONS;  CASH PAYMENT;  MONETARY FUND;  DEBT;  MARKETS;  PUBLIC FINANCE;  INCOME LEVELS;  LOANS;  TAX COLLECTIONS;  GROSS DOMESTIC PRODUCT;  MONETARY AUTHORITY;  BANK FINANCING;  FINANCE;  DOMESTIC BANK;  TAXES;  BANKING SECTOR;  CONTINGENT LIABILITY;  FISCAL DEFICIT;  PROFIT MARGIN;  EXPENDITURE;  TRANSACTIONS;  EQUITY;  TRANSACTION;  TAX RATE;  FRAUD;  TRADE FINANCE;  CONSUMER LOANS;  FUTURE;  PENSIONS;  SOFT LOAN;  INVESTOR CONFIDENCE;  INVESTMENT BANK;  DOMESTIC BANKING;  REPAYMENT;  BONDED WAREHOUSES;  EXPENDITURES;  DISBURSEMENTS;  PROPERTY;  ISSUANCE;  CURRENT ACCOUNT DEFICIT;  FOREIGN BANKS;  SHARES;  TRANSACTION COSTS;  MARKET;  POLITICAL UNCERTAINTY;  CREDIT BUREAU;  EXPORTER;  BANK ACCOUNTS;  LEVY;  INSURANCE;  CURRENCIES;  ARREARS ACCUMULATION;  TRADE SECTORS;  INTERESTS;  GOODS;  INVESTOR;  RECURRENT DEFICIT;  SECURITY;  INVESTMENT;  DOMESTIC ARREARS;  SHARE;  MORTGAGE LOANS;  TARIFF;  DEBT OBLIGATION;  REVENUE;  PROFIT;  LEVIES;  WAREHOUSES;  TAX DEDUCTIONS;  LENDING;  DEBT REPAYMENT;  DEBT INSTRUMENT;  CHECK;  PENSION FUND;  EXCHANGE RATE;  INSTRUMENT;  PUBLIC SPENDING;  COMMODITY PRICES;  ARREARS;  CASH FLOW;  INCOME LEVEL;  NONPERFORMING LOANS;  TAX OBLIGATIONS;  MIDDLEMEN;  Report;  Rapport;  Informe; 

年份：

2016

出版地：

Washington,USA

语种：

English

摘要：

The Palestinian economy is not growing enough to raise living standards and reduce high unemployment. The economy has witnessed a sharp deceleration in economic growth, from over 8 percent during 2007-11 to 3 percent during 2012-15. The sharp decline in growth has stifled the economy's ability to create jobs for a growing youth population. Successful reform efforts and strong economic growth helped bring the relative size of the Palestinian overall fiscal deficit down from 24.6 percent of GDP in 2008 to 13 percent in 2010. However, despite these efforts at fiscal consolidation, the deficit to GDP ratio has remained stuck in the 10 - 13 percent range since 2010 -- on the back of a large wage bill and weak revenue performance. The economy has long suffered from the restrictions1 and political instability that continue to constrain private sector activity. In addition, the decline in donor funding from 32 percent of GDP in 2008 to 6 percent in 2015 has significantly contributed to the recent economic weakening. The internal divide between the West Bank and Gaza, which has created a dual regulatory framework, has also negatively impacted economic activity and the tax base.