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
Saudi oil giant Aramco announced Tuesday a 44% surge in net profit for the second quarter compared to the same period last year, driven by soaring crude prices amid the war in the Middle East.
Iran executed two of its citizens on Monday on charges of espionage and cooperation with Israel, Iranian state media reported, amid an increase in executions for offences relating to national security.
Saudi Arabia, Russia and five other OPEC+ members meeting online Sunday agreed to raise oil production quotas for September, even as war rages across the Middle East.
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