PNN – The disastrous consequences of the Gaza war for the Netanyahu have already plagued Zionist regime.
According to the Pakistan News Network, Israel Hum newspaper announced in a note, Israel has closed its budget for 2024 with a deficit, and if it can achieve a reduction in spending worth 67.2 billion shekels, it will still have a 2.25% budget deficit.
Sonia Jarodisky, the author of this note, wrote in this regard that despite the differences between Knesset finance committee members and Israeli cabinet ministers, the 2024 budget is on its way to the Knesset to be discussed next week, while it is said that Smotrich and Netanyahu are seeking the huge cost of their budget deficit out of Israelis’ pockets.
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According to this Hebrew media, if the cabinet fails to take the necessary measures to reduce expenses and increase taxes, the budget deficit will reach 5.9% of Israel’s gross product.
It is also mentioned in another part of this article, in terms of expenses, the needs of the war are about 39.6 billion shekels, and the cabinet also has to provide 8.8 billion shekels as additional expenses to compensate for the wrong assessments issued in May 2023, so that within this framework of expenses to increase to about 48.4 billion shekels more than the existing forecasts.
Yisrael Hume also spoke about the flight of capital from Israel and wrote: Today we are witnessing the critical deterioration of investors’ trust in the ruling structure, which will be one of the most important threats to Israel’s economic structure in 2024.