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 media: Person behind shooting operation at Allenby Crossing is a Jordanian Army soldier.
Israeli media citing Emergency Services: Both wounded in Allenby shooting operation now dead.
Israeli media: One soldier wounded at Allenby crossing now confirmed killed.
Israeli media: Preliminary reports of shooting operation at Allenby crossing with Jordan.
Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test

'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

Gaza toll tops 65,000 as Israeli strikes kill 79 in 24 hours

Aid groups warn of global inaction as UN finds genocide in Gaza

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
War on Gaza

War on Gaza

Most Read

Why is Choose Love using a firm with British and US intelligence connections to run a pro-Palestine musical event? (Al Mayadeen English; Illustrated by Batoul Chamas)

Together for Palestine: Troubling questions about the organisers of this huge event

  • Opinion
  • 17 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A Hezbollah supporter who lost his sight in a pager attack carried out by "Israel" on Sept. 17, 2024, covers his eyes with a red headband inscribed with the name "Hussein" during Ashoura, July 6, 2025 (AP)
Politics

'We Have Recovered': Lebanon marks 1st anniversary of Pager Attack

The Arab neighborhood of El Za'im, on the outskirts of east Occupied Al-Quds in the West Bank, near where Israeli government says housing units will be built as part of the E1 settlement project, Thursday, August 21, 2025. (AP Photo/Ohad Zwigenberg)
Palestine

'Israel’s' deliberate policies drive West Bank economy toward collapse

Ben & Jerry's ice cream shop, Wednesday, Feb. 26, 2025, in Cambridge, Mass. (AP Photo/Charles Krupa)
Politics

Ben & Jerry’s co-founder resigns over parent company curbing activism

Trump’s approval rating falls to new low in second term: Poll
US & Canada

Trump’s approval rating falls to new low in second term: Poll

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