Israel posted a budget deficit of 15 billion shekels ($4 billion) in March, the Finance Ministry said on Monday, citing higher spending as a result of Israel's war with Palestinian Islamist group Hamas.
Tax revenue has fallen 1.2% the first three months of the year © Mena Today
Israel posted a budget deficit of 15 billion shekels ($4 billion) in March, the Finance Ministry said on Monday, citing higher spending as a result of Israel's war with Palestinian Islamist group Hamas.
Over the prior 12 months, the deficit rose to 6.2% of gross domestic product, versus 5.6% in February and a target of 6.6% for all of 2024.
Tax revenue has also fallen 1.2% the first three months of the year.
Reporting by Steven Scheer
The head of Hezbollah, Naim Qassem, said on Friday that the group reserves the right to respond to Israel’s killing of its top military commander, while leaving open the possibility of a future conflict.
German Chancellor Friedrich Merz will travel to Israel on December 6 and 7 for his first official visit since taking office, a German government spokesperson said on Friday.
War simplifies and clarifies everything. When one’s own life or the very survival of family, friends and country is at stake, one learns to think quick and to act straight, to sweep away routine, clichés, and dead paradigms - and stick to fundamentals.
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