Jerusalem’s economic woes: Israel’s deficit increased twice initial predictions

01.01.2025

Israel’s national deficit has climbed more than anticipated (4.1%) and is expected to continue to climb through 2025 to 9% by some estimates, partially due to the outbreak of the Israel-Hamas War and the opening of several new battlefronts, according to the first chapter of a report published by the Taub Center’s Prof. Benjamin Bental and Dr. Labib Shami on Wednesday.

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