General Government Finance in Palestine* 2015

 

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Indicator

Value in million US$ 

Percentage Distribution for both Revenues and Expenses 

General Government

Central Government

Local Government *

General Government

Central Government

Local Government 

 1.Total Revenues

 4,112.2

3,744.0

368.2

100

100

100

  1.1 Taxes

 2,811.3

2,756.7

54.6

68.4

73.6

14.8

  1.2 Social contributions 

 7.4

0.0

7.4

0.2

0.0

2.0

  1.3 Grants and aids 

 824.5

808.1

16.4

20.0

21.6

4.5

  1.4  Other revenues**

 469.0

179.2

289.8

11.4

4.8

78.7

Gross Expenses(2+3.1)***

 4,428.1

3,909.5

518.6

100

100

100

2.Current Expenses

 4,100.2

3,770.9

329.3

  

  2.1 Compensation of employees 

 2,170.1

2,083.3

86.8

49.0

53.3

16.7

  2.2 Use of goods and services 

 822.0

678.4

143.6

18.6

17.4

27.7

  2.3 Consumption of fixed capital

 48.1

0.0

48.1

1.1

0.0

9.3

  2.4  Interest 

 93.4

93.0

0.4

2.1

2.4

0.1

  2.5  Subsidies

 12.2

11.0

1.2

0.3

0.3

0.2

  2.6 Grants

 47.4

45.4

2.0

1.1

1.2

0.4

  2.7 Social benefits

 802.5

795.4

7.1

18.1

20.3

1.4

  2.8  Other Expenses ****

 104.5

64.4

40.1

2.3

1.6

7.7

(N.O) Net Operating Balance           (1-2)*****

 12.0

26.9-

38.9

      

3.1 Transactions in nonfinancial assets (Net acquisition of):

 327.9

138.6

189.3

4.2

3.7

8.6

  3.1.1 Fixed assets 

 261.8

113.9

147.9

  

  3.1.2 Change in inventories 

 19.5

17.4

2.1

  3.1.3 Valuables

 0.0

0.0

0.0

  3.1.4  Non-produced assets

 46.6

7.3

39.3

(N.L) Net lending (+) / Borrowing (-), (N.O  - 3.1) ******

 315.9-

165.5-

150.4-

3.2 Net acquisition of financial assets

520.8

432.7

88.1

  3.2.1 Domestic

510.4

423.4

87.0

  3.2.2 Foreign

10.4

9.3

1.1

3.3 Net incurrence of financial Liabilities

350.1

335.4

14.7

  3.3.1 Domestic

327.2

312.7

14.5

  3.3.2 Foreign 

22.9

22.7

0.2

Notes:

(*) The Data  excludes Gaza Strip and those parts of Jerusalem which were annexed  by Israel in 1967.

(**) It includes any fees collected for the resale of electricity and water, administrative fees, fines, property income, and voluntray  transfers other than grants.

(***) Gross Expenses = Current Expenses + Transactions in nonfinancial assets Net acquisition (Capital Expenses).
             (****)  It includes scholarships and any educational benefits, NGOs support and any emergency expenses for the central government,  Insurance and maintenance of vehicles in addition to workers allowance.

 

      (*****) Net operating balance = Revenues – Current expenses

      (******) Net lending/ borrowing = Net operating balance - Net acquisition of non financial assets.