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عربي21
Shekel falls, gap widens
Uncertainty over the formation of Israel’s government after the elections, with no parliamentary majority secured, has put pressure on markets, weakened the shekel against the dollar and led to losses on the Tel Aviv Stock Exchange. Fitch left Israel’s credit rating unchanged and said new elections were likely in April 2027, while predicting that the budget for that year would not be approved beforehand. The Bank of Israel estimated the budget deficit at around 4.14% of GDP this year, rising to 4.6% in 2027, amid concerns about mounting debt and borrowing costs. Meanwhile, the cost of the war has exceeded $55 billion.
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