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 past few days have unfolded like a geopolitical drama of historic proportions in Lebanon, where Hezbollah, the Iran-backed Shia militia long considered untouchable, appears to be teetering on the edge of a seismic shift.
KKR and I Squared Capital are among global asset managers bidding for a district cooling business owned by Abu Dhabi's Multiply Group, part of a $1.5 trillion empire overseen by one of the UAE's most powerful Sheikhs, three sources said.
Israel has not ruled out an attack on Iran's nuclear facilities in the coming months despite President Donald Trump telling Israeli Prime Minister Benjamin Netanyahu that the U.S. was for now unwilling to support such a move, according to an Israeli official and two other people familiar with the matter.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.