Experts warn of economic impact as Israel’s defense budget reaches 6.5% of GDP.
The 2025 budget ignores several crucial factors. The ramifications will likely have lasting detrimental effects on our world standing.
The national budget for 2025 will be around NIS 607.4 billion. The government has also approved budget adjustments totaling about NIS 37 billion.
Smotrich said that "after victory," Israel's economy will see "fantastic returns" for years. He did not detail what "victory" entailed or when it would be achieved.
A 10% increase in benefits for olim will be worth less.
These comments follow the return of the Knesset for winter session and reports regarding budget cuts for certain ministries.
The budget outline includes closing five ministries and numerous budget cuts to ministries, which may bring resistance from ministers and slow its passage through the Knesset.
Iran wants to increase the accuracy of its range and the overall number of its ballistic missiles.
Israel's economic professionals have stressed it, Ratings agencies have said it - Israel needs a responsible budget for 2025, and it needs to show it can pass one now.
Israel's long-term future could continue to deteriorate if the government does not "understand the gravity of the moment."
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