Israel’s parliament on Monday approved an additional 30.8 billion shekels (around 9.3 billion U.S. dollars) in spending to cover war-related costs, raising the government’s deficit ceiling as fighting continues in Gaza and following June’s brief war with Iran.
The Knesset and the Finance Ministry said in separate statements that the measure increases Israel’s annual deficit cap from 4.9 percent of GDP to 5.2 percent, and lifts the 2025 spending limit to 650.4 billion shekels.
Israeli parliament approves extra 9.3 bln USD for war costs
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