PNN – The head of the Central Bank of Israel warned that the Israeli economy is collapsing under the burden of war costs.
According to the report of Pakistan News Network, the head of the Central Bank of Israel, in a report on the financial effects of recent wars, announced the heavy pressure on the economy of the regime.
According to him, the cost of the war has reached more than 400 billion shekels ($108 billion) since October 2023.
The Zionist official continued: Public debt has increased from 60% to 70% of GDP, wiping out the financial gains of previous years.
The head of the Central Bank of Israel noted that defense spending has increased by 130% to 143 billion shekels.
He said: The Israeli economy is in a state of erosion and stagnation, and continuing the current trend will exacerbate the crisis.