Lawmakers a month ago gave their final approval to an amended 2024 state budget that added tens of billions of shekels to fund their more than six-month-old war on Gaza. / Photo: AP
Israel raised $43 billion in debt in 2023 — half of it, 81 billion shekels, since the outbreak of the war in October, the ministry said in a report on Monday.Accountant General Yali Rotenberg said that 2023 was a challenging year that required a sharp increase in financing needs and"required tactical and strategic adjustments" in the government's debt-raising plan.
Total debt amounted to 62.1 percent of the gross domestic product in 2023, up from 60.5 percent in 2022 due to the spike in war spending and is expected to reach 67 percent in 2024.
Source: Loan Digest (loandigest.net)
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