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Israel transfers over $1 billion in tax revenues to Palestinians

The Palestinian Authority suspended the transfers in May, worsening the cash-strapped government's financial woes.

Israel has transferred more than $1 billion in tax revenues it collects on behalf of the Palestinians, officials said Wednesday, six months after the Palestinian Authority cut off the financial lifeline to protest Israel’s planned annexation of the West Bank. 

Hussein al-Sheikh, the Palestinian Authority’s civil affairs minister, tweeted Wednesday that “the #Israeli government transfers all financial dues of the clearance to the account of the #Palestinian Authority, amounting to three billion and 768 million shekels.” 

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