Abbas did not explain, but could try to use financial pressure to extract concessions from the Islamic militant Hamas which seized Gaza from him in 2007.
Hamas spokesman Fawzi Barhoum said today that "the language of threats and dictating orders" would not be accepted.
The escalating rhetoric comes ahead of a planned meeting between Abbas and President Donald Trump that will likely focus on a possible resumption of Israeli-Palestinian negotiations about Palestinian statehood.
Hamas control of Gaza weakens Abbas, undermining his claim that he speaks for all Palestinians.
Abbas and his supporters seek a Palestinian state in the West Bank, Gaza and east Jerusalem, lands Israel captured in 1967. Hamas wants an Islamic state in historic Palestine, including present-day Israel, though a new political program suggests the group would accept a state in the 1967 lines, for now.
Hamas drove pro-Abbas forces from Gaza in 2007, a year after winning Palestinian parliament elections. Since then, repeated attempts at reconciliation have failed. A national unity government set up by Abbas in 2014, after a deal with Hamas, never got off the ground in Gaza.
Last month, Hamas set up an administrative committee for Gaza, further angering Abbas.
He signaled earlier this month that despite Hamas control, Gaza is economically dependent on payments from his donor-funded Palestinian Authority in the West Bank.
Citing donor concerns, the Palestinian Authority slashed by one-third the salaries of former government employees and members of the security forces who had served under Abbas in Gaza before 2007.
However, their spending also helped support the Gaza economy, inadvertently propping up Hamas.
Earlier this week, the Palestinian Authority noted that it spent USD 17 billion in Gaza since 2007, including for salaries and development aid.
Abbas told Palestinian diplomats in Bahrain yesterday that this policy would change.
"These days, we are in a dangerous and tough situation that requires decisive steps, and we are to take these decisive steps," Abbas was quoted as saying by the official Palestinian news agency WAFA. "Therefore, we are going to take unprecedented steps in the coming days to end the division."
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