Despite the temporary state of optimism that followed the signing of the Protocol on Economic Relations (Paris Protocol), today, a steady deterioration of the Palestinian economy can be seen in most economic and development indicators, the chronic fiscal and trade deficit, and the high level of dependence on the economy of Israel. The expected gains and outcomes from the Paris Protocol were counterproductive, given that the ensuing trade framework and economic policies of Israel do not serve the interests of the Palestinian economy. Add to that the closure policy of Israel and restrictions on the movement of people and goods, and a range of security and military measures imposed on the Occupied Palestinian Territory, which have led to accumulating economic losses to the Palestinian people. The fiscal part of these losses is the main focus of this study.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
Countries: Israel
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