PNN – The Al-Aqsa storm caused a further decline in Israel’s economy and brought Israel’s debt to over 1.12 trillion shekels (equivalent to $299.18 billion) by the end of last year alone.
According to the report of the International group of Pakistan News Network, the Al-Aqsa storm caused further setbacks in Israel’s economy and brought Israel’s debt to more than 1.12 trillion shekels (equivalent to $299.18 billion) by the end of last year, while this figure was about $275.13 billion at the end of 2022. But the problems of the Gaza war have burdened these debts.
The economic newspaper Globes quoted the auditor of the Ministry of Finance of the Zionist regime as saying that Israel’s public debt level has reached 62.1% of the gross domestic product in 2023, and most of this increase is due to the financial consequences of the war against Gaza. This is despite the fact that before the start of the war, forecasts indicated that these debts would decrease by one percent and reach 59 percent, but (Operation Storm Al-Aqsa) increased it to more than 62 percent.
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According to the evaluations of this Hebrew-language economic media, we will see an increase in these debts in 2024 to cross the border of 1.12 trillion shekels.
It should be noted that Yedioth Aharonot newspaper had previously announced that the major global credit rating agency “Moody’s” plans to lower Israel’s credit rating in the near future.
According to Zionist experts, the war in Gaza has had devastating consequences for Israel’s economy, and almost half of it has been paralyzed.