A new deficit in Israel’s budget due to the Gaza war


The Israeli Ministry of Finance said on Thursday that the occupation government recorded a budget deficit of 11.7 billion shekels ($3.1 billion) in April, attributing this to increased spending as a result of the fight against the Palestinian Islamic Resistance Movement (Hamas) in Gaza.

The deficit rose in the last 12 months to April to seven percent of gross domestic product, compared to 6.2 percent in the year to March, exceeding the target of 6.6 percent for the entire year 2024.


Tax revenues also fell by 4.1 percent in the first four months of the year, and tax income fell by 13.1 percent in April alone.