Israel's parliament passes amended budget as Gaza war continues
JERUSALEM, March 13 (Xinhua) -- The Israeli parliament on Wednesday approved a revised state budget for 2024 to fund the country's war against Hamas in Gaza.
According to the Finance Ministry, the updated budget stands at about 584 billion shekels (about 161 billion U.S. dollars), an increase of 70 billion shekels compared to the original budget approved in May last year.
Defense spending alone will go up by 55 billion shekels.
The fiscal plan envisages a deficit of 6.6 percent of the gross domestic product.
The statement noted that the budgets of all government ministries were cut to support the balancing measures.
The new budget also includes several measures to increase state revenues, such as taxing bank profits and reducing convalescence payments for employees, as agreed with the largest Israeli worker union Histadrut.
(Editor:Fu Bo)
Related articles
The unstoppable duo of Emma Stone and Yorgos Lanthimos
CANNES, France (AP) — Before a journalist has even lobbed a question, Emma Stone and Yorgos Lanthimo2024-05-21Owner of vintage bookstore in Syria encourages readers to keep passion alive
In the ancient al-Halbouni area of Syria's capital Damascus, entering through a narrow gate, boo2024-05-21Megan Fox showcases her curves in all black as she and Machine Gun Kelly bring their goth
Megan Fox and Machine Gun Kelly brought their goth glamour to night two of Stagecoach 2024 Saturday.2024-05-21Arabic edition of Xi Jinping: The Governance of China promoted in Cairo
A promotion event was held in the Egyptian capital Cairo on Wednesday for the Arabic edition of &quo2024-05-21Amtrak train hits pickup truck in upstate New York, 3 dead including child
NEW YORK (AP) — A child was among the three victims killed when a passenger train hit a pickup truck2024-05-21China, Cambodia to move forward in building high
Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of Ch2024-05-21
atest comment