Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli Army Radio's diplomatic correspondent quoted a senior Israeli official as saying: So he [Trump] decided to cut off contact. That might still change, but that’s the situation right now
Israeli Army Radio's diplomatic correspondent quoted a senior Israeli official as saying: Trump’s circle told him [Dermer] that Netanyahu was manipulating him, and there’s nothing Trump hates more than being portrayed as someone being played
Senior Palestinian official to Al Mayadeen: Meetings between the Israelis, Egyptians, and Qataris are all centered around the Israeli proposal, which does not guarantee an end to the war [on Gaza]
Senior Palestinian official to Al Mayadeen: “Israel” is threatening to expand the ground offensive if Hamas rejects the proposal
Senior Palestinian official to Al Mayadeen: Hamas rejects the Israeli proposal, viewing it as failing to guarantee an end to the war
Senior Palestinian official to Al Mayadeen: “Israel” is sticking to its proposal, and insists there is no alternative offer on the table for negotiation
Senior Palestinian official to Al Mayadeen: The meetings between the Israelis and the Egyptians and Qataris all revolve around the Israeli proposal
The administration was clearly looking for an off-ramp for this campaign against Ansar Allah, NBC News reports, citing US official
Trump's operation against Ansar Allah cost more than $1 billion, NBC News reports, citing US official
White smoke signals new pope elected: AFP

'Israel' facing 'economic disaster', unpayable future debt: Israeli MK

  • By Al Mayadeen English
  • Source: Israeli media
  • 21 Dec 2023 11:08
  • 5 Shares
4 Min Read

Israeli MK Mickey Levy says that the "government budget has become a plundering budget," criticizing Netanyahu's actions as "ridiculous and frightening."

  • x
  • 'Israel' facing 'economic disaster', unpayable future debt: Israeli MK
    An Israeli policeman displays counterfeit Israeli 100 Shekel bills, July 7, 2013. (AP)

The chairman of the Israeli government's oversight committee and member of the Knesset, Mickey Levy, warned that the occupation entity is "facing an economic catastrophe" under the government of Israeli Prime Minister Benjamin Netanyahu.

Talking to the Israeli Maariv newspaper, the senior official said that the "government budget has become a plundering budget," criticizing Netanyahu's actions as "ridiculous and frightening."

Read more: Unemployment rate 20% higher in northern 'Israel': Report

Unpayable debt

Providing more details, Levy explained that the Israeli government has inserted "illogical" issues in the 2023 budget, such as allocating over 600 million shekels to bolster "Jewish identity and culture," questioning whether "identity awareness" required such spending.

Furthermore, he added that there are "unnecessary ministries in the government," noting that in the past, there were fewer than 30 ministers, but now there are 38 ministries, at least 10 of which are non-essential.

"At a time when every shekel is supposed to go towards war efforts, in this government, no one seems to care," added the Knesset member.

In this context, Levy predicted that the 2024 budget would be even worse, with "future generations" continuing to bear the burden of debt that they will not be able to escape.

Read more: Israeli economy at risk as 'Israel' continues its war on Gaza

Related News

Israeli military avoids calling up unwilling reservists: Haaretz

Al-Qassam ambushes 2 IOF units in Gaza, inflict heavy casualties

He emphasized that "Israel is heading toward an economic disaster," pointing out that the gross domestic product GDP will decline, the budget deficit will soar, and the external debt, previously at a trillion shekels, will increase.

Bibi must go

In light of these developments, Levy conveyed that every step taken by Netanyahu is aimed at "preserving his personal interests; he only thinks about himself," and he noted that there is "complete dissatisfaction with his behavior."

"Netanyahu has become a danger to Israel," he told the newspaper, adding that "he must step down, without elections, not just because he is unhelpful but because he also harms Israel."

The Knesset Member also believed that there should be elections after "the biggest failure in Israel's history...Bibi cannot continue to be the prime minister."

Read more: 'Israel's' budget deficit surges amid the aggression on Gaza

No answers

The current direction of Israeli Prime Minister Benjamin Netanyahu in the ongoing war on Gaza is "to continue the fighting," Israeli newspaper Haaretz reported on Monday.

As the war on Gaza entered the 12th week, this approach was marred by a decline in popular support, which initially grew following the operation. However, Netanyahu has now become a source of doubt and concern among Israelis, the report said, adding that "Israel is approaching a dangerous reality of stagnation."

According to a survey conducted by the Israeli "Institute for Democracy," 69% of Israelis support the idea of holding new elections immediately after the cessation of the aggression on Gaza. Furthermore, the data indicates that 64% of respondents believe that "Israel" lacks a well-structured post-war plan.

Read more: Resistance still fighting in Jabalia despite IOF claims of taking city

The first issue to face Netanyahu, according to the newspaper, is that he will find it difficult to explain the war objectives to Israelis if clear achievements are not realized on the ground.

The second problem is that the gradual transition in the war - from the "high-intensity" to "low-intensity" phase - requires significant material and logistical field preparations, and there are no indications that the government and the military are seriously preparing for such a phase in the coming weeks, as only marginal ground measures are being taken.

Thirdly, his government's approach toward the angry families of captives held by the Resistance in Gaza is becoming to represent a serious issue for his ruling, and further increasing the social and political rift in the occupation entity, which had already started before the war over his judicial reforms.

  • Palestine
  • Al-Aqsa Flood
  • Israel
  • Benjamin Netanyahu
  • Mickey Levy
  • Gaza

Most Read

Pro-Palestinian protesters march toward the US Immigration and Customs Enforcement (ICE) headquarters, Saturday, April 5, 2025, in Washington (AP)

US House to vote on bill criminalizing boycott of 'Israel'

  • Politics
  • 3 May 2025
Throughout Operation Prosperity Guardian, current and former US military and intelligence officials expressed disquiet at the enormous “cost offset” involved in battling Ansar Allah. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)

Ansar Allah triumphant: US facing Red Sea defeat again

  • Opinion
  • 3 May 2025
Pakistan downs an Indian jet and hits a military base in Kashmir escalation.

Pakistan downs 3 Indian jets, hits military base in Kashmir escalation

  • Politics
  • 7 May 2025
Yemeni missile hits Ben Gurion Airport as interceptors fail

YAF targeted Ben Gurion with hypersonic ballistic missile: Saree

  • MENA
  • 4 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
President Donald Trump speaks before Steve Witkoff is sworn as special envoy during a ceremony in the Oval Office of the White House, Tuesday, May 6, 2025, in Washington, with a portrait of former President Ronald Reagan in the background. (AP)
Politics

US prioritizes shipping, not 'Israel', in ceasefire deal with Yemen

A History of India-Pakistan conflicts: From partition to 2025
Asia

Timeline of India-Pakistan conflicts: 1947 partition - 2025's Pahalgam

Gaza aid pier: A costly mission with hidden injuries
Politics

Biden-era Gaza aid pier: A costly mission with hidden injuries

Faithful gather in St. Peter's Square as the door of the Sistine Chapel are closed to start the Conclave at the Vatican, Wednesday, May 7, 2025. (AP )
Technology

Who will succeed Pope Francis? AI chatbots weigh in before white smoke

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS