Bank of Israel warns government over war spending
Central bank says crisis will have long-term costs and casts doubt on funding plans
The Bank of Israel (BoI) called on prime minister Binyamin Netanyahu’s coalition government to curb new expenditures to secure Israel’s long-term fiscal balance.
In a report published today (November 15), the central bank cast doubt on whether the government had adequate plans to fund emergency spending. The report also warned the ongoing war will entail higher public spending beyond the military operation in the Gaza Strip.
The Israeli military intervention in Gaza follows attacks launched by
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