1 Day
Source:
قناة المنار
Wars push Israeli security costs to new highs
The ongoing wars fought by the Israeli entity impose increasing financial burdens on the Israeli economy, with war costs from October 2023 to April 2024 amounting to approximately 405 billion shekels (138 billion dollars), which is over 17% of the gross domestic product. Additional expenses have been incurred due to the war with Iran, which Israel initiated in February, totaling around 35 billion shekels (12 billion dollars) by April. The rise in military spending has led to an increase in public debt to more than 69% of the GDP, accompanied by reduced spending on civilian sectors and increased taxes, adversely affecting the quality of education, infrastructure, and healthcare services, at a time when social inequalities within Israel are widening.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)