Israel's Economic Crisis: Experts Urge Urgent Action to Tackle $67 Billion Budget Deficit

The ongoing conflict in the Gaza Strip has significantly impacted Israel's economy, leading to a staggering budget deficit that experts warn must be addressed urgently. Economists estimate that the war has already cost the Israeli economy over $67.3 billion, with further financial strain anticipated as the defense establishment seeks an annual increase of at least $5.4 billion to manage escalating costs. This situation has prompted calls for immediate action to restore economic stability and investor confidence.