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 Israeli military has ordered the entire city of Tyre, along with surrounding Palestinian camps, villages and neighbourhoods, to evacuate immediately, publishing a detailed map alongside the order on Wednesday.
Israel said on Wednesday it had killed Hamas's newly appointed armed wing chief in Gaza, days after it killed his predecessor, while intensifying military pressure in Gaza and expanding operations in Lebanon.
Israel said on Tuesday it had attacked Hamas’ new armed wing chief, who it said was appointed just days earlier after Israel killed his predecessor, as it steps up military pressure in Gaza and expands ground operations in Lebanon.
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