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Israel ministries take budget cuts to aid war in Gaza
Updated On: 16 January, 2024 01:58 PM IST | Tel Aviv | mid-day online correspondent
The Israel government has approved an updated wartime budget for 2024, with significant increases in defence spending amid the raging fighting with Hamas in Gaza. The transportation ministry agreed to cut its budget and pledged to finance the war and the reconstruction of the Gaza Strip
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Benjamin Netanyahu. Pic/AFP
The Prime minister Benjamin Netanyahu led Israel government approved the amended budget 2024 state budget despite overcoming opposition by within his own government. The Finance Ministry said the government has approved an updated wartime budget for 2024, with significant increases in defence spending amid the raging fighting with Hamas in Gaza.
The updated budget, which needs parliamentary approval, was set at 582 billion shekels ($155 billion ), including an extra 55 billion shekels for defense to cover combat expenses and strengthen the army.
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