It has managed to narrow the deficit. Sixty-seven percent of its supplies come from Arab land it occupied in 1967 and 1982. However, with its vitality, the issue of water rights and resource management was deemed as a 'future' negotiating point in the Oslo agreement. According to Israel's position, water resources are not to be discussed before the third year of negotiations and as such water is still not on the agenda of negotiations. And yet, water rights for Palestinians are crucial.
Water is the lifeline of a nation and thus the livelihood of a whole nation is at stake.
The right to equitable water resources, and to managing their own water supplies is an inalienable right of the Palestinians. Israel ignores it at its peril. The importance of a truly transparent income tax law that promotes savings and social welfare, and that attracts foreign capital into Palestine should be acknowledged. Presently, the proposed income tax law is not conducive to savings, nor is it ready to attract foreign capital, and further, it does not stipulate the methods of redistribution within the economy. Generally, long term economic goals should dictate the formation of the legislative framework within which an income tax law be drafted.