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Reference ID	Created	Released	Classification	Origin
04TELAVIV6406	2004-12-16 15:05	2011-08-30 01:44	CONFIDENTIAL	Embassy Tel Aviv

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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Viewing cable 04TELAVIV6406, GOI RELEASES MORE ATTACHED REVENUES TO PA