PNN – A Zionist official warned that the Zionist regime has lost its financial safety margin as a result of the war against Iran and is forced to adopt austerity policies.
According to the report of Pakistan News Network, citing Globes, the deputy commissioner of the Zionist budget warned about the formation of economic trauma in the occupied territories and said that Tel Aviv is on the verge of a difficult choice between debt, maintaining living standards and security.
Tamer Levy-Bone emphasized at the Economic Policy Conference at Reichman University: The Israeli economy has entered a negative trend over the past three years.
He cited average growth of 2.6 percent, a credit rating downgrade and a rapidly rising debt-to-GDP ratio, saying the financial burden of the war had reached about 358 billion shekels.
The Zionist official warned that Israel had lost its “financial safety margin” and might not be able to quickly finance a war or emergency in the event of future crises.
According to him, the interest cost of the debt has exceeded 20 billion shekels, and its financial burden is equivalent to the budget of several ministries.
Levi-Bone also emphasized that Israel has fallen in the standard of living rankings.
He added that to maintain a balance between debt, prosperity and security, it is probably necessary to think about a “trauma economy” similar to the one that followed the Yom Kippur War, an economy whose budget is adjusted based on the consequences of crisis and war.