PNN – A Zionist media wrote that the war against the Gaza Strip and military expenses have caused the budget deficit of the Zionist regime.
According to the report of Pakistan News Network, citing the “Israel Defense” news site, the military expenses of the Zionist regime due to the Gaza war increased the budget of this regime by 19 billion dollars in 2024 compared to 2023.
This report states: The 2023 budget was approximately 137.8 billion dollars, while this year’s budget, 2024, reached 157.8 billion dollars.
According to this report, military expenses have been basically spent on reserve forces, purchasing war equipment and weapons, evacuating northern and southern settlements, providing emergency needs, supporting local institutions in conflict areas, and raising the readiness of health institutions.
This Zionist news site added: Due to Israel’s military spending, the budget deficit in 2024 will reach approximately 129 billion shekels, which is 6.6% of the total domestic product. Meanwhile, the Ministry of Finance had planned that the budget deficit would not reach 15 billion shekels, which is 0.8% of the domestic production.
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In another part of this report, it is stated that the budget deficit in 2023 was 4.1%, equivalent to 77.1 billion shekels.
“Moshe Lari”, the manager of the “Mizrahi” Bank of the Zionist regime, said earlier: Israel is in a dangerous economic corner due to the consequences of the war, and its economy has suffered several setbacks.
Lari continued: These challenges are unprecedented since the establishment (fake regime) of Israel.
Meanwhile, Standard & Poor’s credit rating agency downgraded Israel’s long-term credit rating from (AA-) to A+ due to “increasing geopolitical threats”.
This institute announced by publishing a statement that its prediction about the economic future of the Zionist regime is negative due to the continued encroachment on the Gaza Strip and the confrontation with Lebanon’s Hezbollah.
“Standard & Poor’s” is one of the three largest credit rating agencies in the world.