New Palestinian government spokesman Ibrahim Melhem said the government will take major measures to rationalize expenses.
In statements to Voice of Palestine, he said the coming stage will witness grave challenges, not only at the financial level, but also at the political one.
The government will also channel budgets and lay down practical plans to save occupied Jerusalem.
On Saturday, new Palestinian Prime Minister Mohammad Ishtayeh said the government will not up taxes, adding that the government has a three-month emergency plan.
He wished to settle the financial crisis which the Palestinian people are suffering.