Ramallah – The Minister of Finance and Planning on Tuesday held a meeting with representatives for coordination with the private sector.
At the beginning of the meeting, Minister Beshara welcomed the representatives of the private sector and expressed their pride in the depth of the positive relationship and the spirit of cooperation between the public and private sectors, praising their national attitude towards the workshop scheduled for next week in Bahrain.
He criticized the statements issued by some of the people who criticize our rights and describe them as fossilized, stressing the legitimacy of what the Palestinian people demand in accordance with the provisions of international laws and UN resolutions.
Minister Beshara reviewed the financial situation of the Palestinian state and the monetary policy adopted by the Palestinian government to rationalize expenditures and distribute the cash available for the disbursement of emergency budget items in the best way possible to all segments of society.
Minister Bishara pointed to the steps that have been taken to demand the rights of the Palestinian people and the funds that have been pirated to take all available legal means, including arbitration.
On his part, the head of the Coordinating Council of the private sector, Bassam Wulwail thanked the Minister of Finance for holding this meeting, which emphasizes the depth of the relationship with the public sector and the importance of partnership between them to overcome the challenges imposed by the Israeli occupation and negatively affected the investment and the Palestinian economy.
He pointed to the attitude of the private sector of the Bahrain workshop that refuses to compromise on the rights of the Palestinian people, and the importance of preparing all files to account Israel through the legitimate ways, stressing that the public and private sectors one body and one compound.
He added that Palestine does not need funds, but need to end the Israeli occupation and lifting all the restrictions imposed on him in order to move forward in achieving the desired economic and social development. The private sector in turn will take the necessary legal measures to prosecute the state of occupation and demand compensation for the damage caused to them by its actions in violation of international laws and agreements and treaties concluded with him.
The private sector rejected categorically the interference of any external parties in the Palestinian internal affairs, saying that these interventions are aimed at creating sedition and instability in a time we desperately need for the national consensus to face the deal of the century and the Bahrain workshop.
During the meeting, they discussed ways to facilitate and streamline procedures affecting the private sector. In this regard, Minister Beshara decided to activate the joint technical committee consisting of the private sector and representatives of the Ministry of Finance to start work immediately to work in effective partnership to develop the necessary proposals to reduce the unnecessary bureaucracy in the procedures.
The Ministry of Finance has reduced the income tax from 20% to 15%. Currently, the Ministry of Finance is working on revising the tax system and adopting a unified tax of 10%, taking into consideration the achievement of tax justice and subsidizing commodities.
Regarding the legal aspect, it was decided to form a joint legal committee from the private sector and the Ministry of Finance to proceed with the necessary measures to demand the financial rights of the Palestinian people and to stop the illegal measures taken by Israel.