PRDP-TFQuarterlyReview1July-September2012.pdfVIP

PRDP-TF: Quarterly Review 1 July - September 2012 1. The PA has continued to press on with its reform agenda even though its fiscal situation remains under significant stress. The recurrent deficit for the first three quarters of 2012 amounted to NIS 3.57 Public Disclosure Authorized billion and was 31 percent above its budget target. Total expenditures and net lending were 6 percent higher than anticipated, while total net revenues were 5 percent below the p