Israel’s war debt forecast to balloon ...News

Russia Today - Economy
Israel’s war debt forecast to balloon
source : Russia Today ( News ) () 86
The government’s budget deficit is expected to widen to around 9% of GDP, according to the Finance Ministry Military costs are forcing the Israeli government to turn to debt for financing, with the country raising 18.7 billion shekels (over $5 billion) from local bonds since the start of the conflict with Palestinian militant group Hamas. According to a Bloomberg report on Thursday, citing the Finance Ministry, the conflict is costing the Israeli economy around $270 million every day. Tel Aviv-based financial advisory powerhouse Leader Capital Markets has estimated that the overall fiscal price tag for 2023-2024 w

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