War of Attrition: How Israel is Losing on the Economic Front sott.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sott.net Daily Mail and Mail on Sunday newspapers.
Israel s war with Hamas in
Gaza will likely cost it at least another 50 billion shekels in 2024 and result in a near-tripling of its
budget deficit, the Finance Ministry said on Monday,. -December 25, 2023 at 08:32 am EST
- MarketScreener
With the deficit expected to widen to 114 billion shekels, Israel’s deputy budget commissioner says the gap would require cutting other expenses or raising revenue
Itai Temkin said the war was expected to stretch at least two months into 2024, adding 30 billion shekels for security and another 20 billion for civilian and other expenses.