Israel's annual budget deficit widened by nearly 77 per cent last year, as it spent more on financing wars against Hamas in Gaza and Hezbollah in Lebanon. AFP
Israel's annual budget deficit widened by nearly 77 per cent last year, as it spent more on financing wars against Hamas in Gaza and Hezbollah in Lebanon. AFP

Business

Economy

Israel’s war spending exceeds $34bn as conflict persists

Last year alone, the total cost of war was $27 billion, finance ministry says

John Benny
Sunil Singh

January 13, 2025