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Israel approves USD 19 billion budget increase due to war
Updated On: 14 March, 2024 08:40 AM IST | Tel Aviv | PTI
The budget includes a significant addition to defense spending, both for the reimbursement of the fighting expenses and for the strengthening of the army
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On Wednesday, the Knesset approved an update to the state budget for 2024 that includes the expenses that arose due to the "Iron Swords" war against the terrorist group Hamas in Gaza. The updated state budget is about 584 billion Shekels (USD 162 billion) and reflects an increase of about 70 billion Shekels (USD 19.4 billion) in spending.
The budget includes a significant addition to defense spending, both for the reimbursement of the fighting expenses and for the strengthening of the army, the protection of settlements near Gaza and security components for the settlements, extensive support for the mental health system, the budgeting of the Takuma administration for the reconstruction of the surrounding area, the evacuation of settlements and support in the acceleration of the high-tech industry and the real estate industry.
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