All public employees in the Palestinian Authority will be paid full salaries once the funds are received, said Ghanem.
"We hope that we will win the political battle with the occupation and have the ability to recover the funds for compensation and end political blackmail," added Ghanem to Watan news, saying that efforts are being made in this regard and that the PA hopes to receive the funds this month.
Ghanem stressed that while there are many details concerning the "efforts" being made to receive the funds without any concessions by the PA, the result of the efforts is all that concerns civilians.
All imports to the PA go through Israeli checkpoints, and Israel collects VAT and tariffs for the PA. Those funds are the largest source of income for the PA. Israel also collects income tax and health insurance funds for Palestinians who work for Israelis.
As of October 8, Israel had amassed over NIS 2.5 billion that the PA refused to take in protest against the deduction of payments to families of Palestinian security prisoners and "martyrs" and in protest against plans to annex parts of the West Bank.
Khaled Abu Toameh and Lahav Harkov contributed to this report.