Israel central bank says ultra-Orthodox need to join military to help economy

Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchiJERUSALEM - Israel's central bank chief on Sunday called on the government to enact responsible fiscal policy by reining in non-defence spending to offset any further expansion in the military budget.

"It should delineate Israel’s defence needs in the coming years and formulate an appropriate multi-year budget program that will take into account all the ramifications on the economy," he said in a letter to cabinet ministers and parliament members in the central bank's 2023 annual report. It sets a deficit of 6.6% of gross domestic product in 2024, revised from a pre-war level of 2.25%. In February, the deficit rose to 5.6% over the previous 12 months from 4.8% in January.

Source: Financial Digest (financialdigest.net)

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