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| Identifier: | 04TELAVIV6406 |
|---|---|
| Wikileaks: | View 04TELAVIV6406 at Wikileaks.org |
| Origin: | Embassy Tel Aviv |
| Created: | 2004-12-16 15:05:00 |
| Classification: | CONFIDENTIAL |
| Tags: | EFIN PREL KWBG IS ISRAELI |
| Redacted: | This cable was not redacted by Wikileaks. |
This record is a partial extract of the original cable. The full text of the original cable is not available.
C O N F I D E N T I A L TEL AVIV 006406
SIPDIS
E.O. 12958: DECL: 12/15/2014
TAGS: EFIN, PREL, KWBG, IS, ISRAELI-PALESTINIAN AFFAIRS, ECONOMY AND FINANCE
SUBJECT: GOI RELEASES MORE ATTACHED REVENUES TO PA
REF: A. TEL AVIV 5643
B. TEL AVIV 6008
Classified By: AMBASSADOR DANIEL C. KURTZER FOR REASONS 1.4 (B,D)
This message was cleared by ConGen Jerusalem.
1. (C) Summary. Finance Ministry Senior Advisor Rani
Loebenstein informed Mission that Israeli courts will release
in December an additional NIS 136 million in attached
revenues related to acts of terror. Of this, NIS 16 million
will be deducted to pay down PA debts to Israeli utilities.
The MoF official had earlier predicted the courts would be
loath to release such funds in view of the political impact.
It appears the personal intervention of PA Finance Minister
Fayyad with the Israeli courts was decisive. This brings the
total amount of attached revenues (not counting utility
deductions) released by Israeli courts to date approximately
to NIS 523 million out of NIS 880 million, leaving Israeli
courts to release NIS 357 million. End Summary.
2. (C) In separate meetings with EconCouns and Econ Deputy,
Loebenstein said that PA Finance Minister Salaam Fayyad had
personally contacted Israeli courts to request the release of
attached revenues related to terror. In response to Fayyad's
request, which was supported by the GOI, the courts had
agreed to release NIS 136 million out of NIS 156 million
attached for such acts, basing the decision on the argument
that the original level of attachments was inappropriately
large. Of this, the PA would pay down NIS 16 million of
Israeli utility debts. According to Loebenstein, Israeli
courts have yet to release approximately NIS 357 million in
attached revenues.
3. (C) To date, Israeli courts have released the following
attached revenues (all amounts in NIS millions):
Tranche Number: 1
Date: November 2
Gross Amount Released: 144.5
Utility Deductions: 45
Net Payout: NIS 99.5 million
Tranche Number: 2
Date: o/a November 15
Gross Amount Released: 130
Utility Deductions: 130
Net Payout: 0
Tranche Number: 3
Date: November 28
Net Payout: NIS 112.6 million
Tranche Number 4
Date: December 16 or 19
Gross Amount Released: 136
Utility Deductions: 16
Net Payout: NIS 120 million
Total Gross Attachment Payout to Date: NIS 523 million
Total Net Attachment Payout to Date: NIS 332 million
Undisbursed Attachments: NIS 357 million
********************************************* ********************
Visit Embassy Tel Aviv's Classified Website:
http://www.state.sgov.gov/p/nea/telaviv
You can also access this site through the State Department's
Classified SIPRNET website.
********************************************* ********************
KURTZER
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