Gaza’s Hamas approves $540 million budget for 2010

Gaza’s Hamas parliament approved a government budget of $540 million for 2010, legislators said Saturday, suggesting that a tight border blockade isn’t stopping the cash flow to the Islamic militants.

Up to $60 million stems from local taxes and the rest from “gifts and outside assistance,” said legislator Jamal Nassar. Iran is believed to be one of Hamas’ main financial backers, with cash assistance hauled through smuggling tunnels under Gaza’s border with Egypt.