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) |
Japanese doctors demand damages from Google over "groundless" reviewsFlyers at migrant camp show how the border is inflaming US politicsIndia election 2024: Hindu nationalism is mainstream thanks to 10 years of PM ModiPolice warn King Charles that his planned 2,000San Francisco mayor announces the city will receive pandas from ChinaRosie HuntingtonIlhan Omar's activist daughter Isra Hirsi is suspended from Barnard College over antiNetanyahu says Hamas No. 4 killedFinding an apartment may be easier for California pet owners under new legislationJunta troops kill 4 in post