Israel Approves Budget Increase to Cover Ongoing Cost of War
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Israeli Prime Minister Benjamin Netanyahu's cabinet approved an increase to this year's state budget to cover additional spending incurred by the 12-day war with Iran in June and ongoing fighting in Gaza.
The upward revision — which comes just five months after the previous budget was signed off by parliament — underlines the heavy toll Israel's 22-month, multi-front war has taken on the country's economy, which unexpectedly contracted in the second quarter.
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