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Israel's Budget Deficit Amid Gaza War
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Israel's Economic Challenges
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Israel faces a budget deficit of 16.6 billion shekels due to war expenses, with a projected impact on growth and GDP targets. The Finance Ministry and central bank anticipate a 2% growth rate for 2023 and a 1.6% target for 2024. Parliament approves a war budget of over 30 billion shekels for 2023.
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How does the war budget approval reflect Israel's strategic priorities and defense spending?
How might the budget deficit impact Israel's economic stability and international relations?
What measures could the government take to mitigate the budget deficit and maintain growth targets?
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