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
Al Mayadeen correspondent to southern Lebanon: Israeli warplanes launched a raid on the Ksar Zaatar neighborhood in western Nabatieh.
Al Mayadeen's correspondent in Gaza: The tower destroyed by the Israeli occupation in Gaza includes media offices, including Al Mayadeen's bureau.
Al Mayadeen's correspondent in Gaza: Four fetuses and three premature babies died at Nasser Medical Complex due to malnutrition
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7

Budget for 2024 approved with boost in military expenses: Netanyahu

  • By Al Mayadeen English
  • Source: Agencies
  • 15 Jan 2024 22:29
3 Min Read

The newly approved budget has been increased by approximately 70 billion shekels ($18.7 billion) to cover the expenses related to the war on Gaza.

  • x
  • Israeli Prime Minister Benjamin Netanyahu, centre, speaks during the weekly cabinet meeting at the Defence Ministry in
    Israeli Prime Minister Benjamin Netanyahu, centre, speaks during the weekly cabinet meeting at the Security Ministry in "Tel Aviv", Palestine, Sunday, Jan. 7, 202 (Pool via AP)

Israeli Prime Minister Benjamin Netanyahu on Monday announced the regime's approval of the revised 2024 state budget, featuring augmented allocations for security and wartime expenses amid the ongoing war on Gaza.

"We have reached an agreement and we will now pass a very important budget. This is the war budget that also looks after the needs of our reservists and their families, the self-employed, the Government ministries, and the needs of the public."

"We are increasing the health budget and adding NIS 1 billion to it for mental health, a major and important need. It increases the education budget, the social welfare budget, and the public security budget but, first of all, it takes care to increase the security budget, which is simply essential for victory and for our future," Netanyahu was quoted as saying by his office.

According to The Times of Israel, the newly approved budget has been increased by approximately 70 billion shekels ($18.7 billion) to cover the expenses related to the war on Gaza, which has been ongoing for over 100 days.

The additional funds are expected to be allocated for security purposes, compensation for those affected by the war, and higher budgets for healthcare, police, welfare, and education.

Read more: 260,000 Israeli settlers have applied for unemployment benefits

In December, Netanyahu advocated for a yearly increase of 20 billion shekels in "Israel's" military-related expenses, emphasizing a need for a higher proportion of the country's GDP to be allocated for defense.

During the same month, the Knesset approved a revised budget for 2023, incorporating an extra 30 billion shekels for military/security purposes.

Related News

Croatian president refuses to meet Israeli FM over Gaza genocide

Gaza, the gateway to Al-Quds, calls for support: Al Mayadeen expert

Israeli economy sustains massive fallouts due to war

Over the past months, several reports highlighted that the Israeli economy sustained massive fallouts as a result of the war on Gaza.

Several industrial sectors have been affected as a result of the mobilization of 350,000 army reservists, including the tourism industry, the tech sector, and businesses in general. 

The construction sector which heavily relies on Palestinian labor has also suffered setbacks as a result of the regime imposing restrictions on Palestinian workers from entering the Israeli-occupied territories. 

The restrictions were introduced as a means to safeguard internal security as a result of the October 7 operation.

Last week, the Israeli Ministry of Finance Accountant General revealed that "Israel's" fiscal deficit expanded to 4.2% of the GDP by December 2023, marking a substantial increase from the 2% deficit recorded at the end of September.

This surge translates to a significant gap of NIS 77.5 billion ($20,7 billion) between government revenues and expenditures, primarily attributed to heightened spending related to the costs of war.

By the end of November 2023, the deficit stood at 3.4%, amounting to NIS 62.3 billion ($16,6 billion). This increase in the deficit is also due to the cost of war.

On December 31, an analysis by WashPo revealed that the war on Gaza is imposing a staggering daily cost of $220 million on "Israel".

Read more: Killing Palestinians costs 'Israel' $220Mln per day: WashPo

  • genocide in Gaza
  • war on Gaza
  • Israeli aggression
  • Israeli economy
  • Benjamin Netanyahu
  • Israeli occupation
  • Knesset
War on Gaza

War on Gaza

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

American far-right activist Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 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

Coverage

All
The Ummah's Martyrs

Read Next

All
President Nicolas Maduro gestures to supporters during the inauguration of a monument in China's honor on the 80th anniversary of the end of World War II, in Caracas, Venezuela, Wednesday, September 3, 2025 (AP)
Politics

Maduro warns of threats, urges 'battle for truth' to defend Venezuela

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, Wednesday, Sept. 10, 2025. (AP Photo/Jon Gambrell)
Politics

Netanyahu informed Trump before deadly attack in Doha: Reports

Israeli Prime Minister Benjamin Netanyahu and US Secretary of State Marco Rubio hold a joint press conference at the Prime Minister's Office, during Rubio's visit, in occupied al-Quds, occupied Palestine, Monday, September 15, 2025 (AP)
Politics

Netanyahu warns of Israeli isolation, calls to boost self-reliance

Spain axes €700Mln arms deals with 'Israel' over Gaza genocide
Politics

Spain axes €700Mln arms deals with 'Israel' over Gaza genocide

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