Israel's $16 Billion War Bill Puts Budget on Alarming Path [Yahoo! Finance Canada]
S&P Global Inc. (SPGI)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Finance Ministry data published Thursday showed the 12-month trailing fiscal shortfall ballooned to 7% of gross domestic product as of April, higher than the government's estimate of 6.6% for the full calendar year of 2024. ADVERTISEMENT Expenditure surged almost 36% in the first four months of 2024 from the same period a year earlier, of which roughly two-thirds went toward defense outlays. Revenues were down 2.2%, mostly due to a drop in tax payments. As the war's financial toll grows, Israel is on track to run one of its widest budget deficits this century. The central bank has previously estimated the total cost of the conflict will reach 255 billion shekels during 2023-2025. Israel's Ban on Palestinian Workers Is Hurting Both Economies The spending burden is among factors keeping Israel's currency under pressure. The shekel is down 0.6% this week at 3.72 per dollar, bringing its declines since the start of March to about 4.5% — the second-wor
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SPGI
Earnings
- 4/26/24 - Miss
SPGI
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/6/24 - Form 8-K
- SPGI's page on the SEC website