The Palestinian Authority president, Mahmoud Abbas, has been awarded $85 million in a presidential salary by the Palestinian National Fund (PNF) on Monday, the first such award for a Palestinian president.
Abbas, a former engineer, was elected in 2009 on a platform of promoting economic development and development of the “Palestinian economy”.
He was also the first Palestinian president to have a wife, who served as a deputy.
A statement from the PA said that the award was the result of his “extraordinary contribution” to the Palestinian economy and society.
Abbas was appointed by the PA on January 17, 2020.
He served as the chairman of the PLO-Hamas delegation to the United Nations General Assembly and was appointed to the position in February.
The PNF, which oversees the Palestinian national treasury, also said that Abbas’ salary was “for a period of 10 years and is subject to his decision and approval”.
It added that the amount will be used for the development of infrastructure projects, including water, electricity and telecommunications, and for social services.
In addition, the PA also said Abbas’ office has committed $10 million to the PA’s education system.
The PA announced its award of the salary at a ceremony in the Palestinian city of Ramallah.
The announcement comes as the PA continues to struggle with a $12.5 million budget shortfall that has left the country in the midst of a financial crisis.
The government said that its shortfall had grown to $17.5 billion by the end of March and that the PA had not been able to meet its basic budget needs.
The Palestinian economy has suffered under the leadership of Abbas, who has ruled the PA since 2007, and his predecessor, Mahmoud Ahmadinejad, who was assassinated in 2012.
Abbas has vowed to continue with his agenda of economic development, which he says will bring economic prosperity to the entire Palestinian nation.
He also says that the Palestinian people will have the same level of development and prosperity as they did under Ahmadinejans presidency.
The current Palestinian president, Mahmud Abbas, speaks at a news conference in the West Bank city of Bethlehem January 11, 2020 in this handout photo released by the Israeli Defence Forces (IDF) January 13, 2020.(AFP via Getty Images)