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
At least six people were killed and 25 wounded in Israeli strikes in Lebanon's Bekaa Valley on Friday, the Lebanese state news agency reported, after the Israeli military said it had targeted Hezbollah sites in the Baalbek area.
Israel’s military says it is on heightened alert amid rising tensions with Iran, but officials stress that there is no change in instructions for the civilian population.
U.S. President Donald Trump told the first meeting of his Board of Peace on Thursday that $7 billion has been contributed to a Gaza reconstruction fund that aims to rebuild the enclave once Hamas disarms, an objective that is far from becoming a reality.
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