Jerusalem - Ma'an - The Israeli Ministry of Finance said - today, Monday - that the war on the Gaza Strip led to an increase in debt to 200% last year. The ministry said in a report that Israel recorded debts amounting to 160 billion shekels ($43 billion) in 2023, including 81 billion shekels since the outbreak of the war last October. Israel borrowed 63 billion shekels in all of 2022. Total debt reached 62.1% of GDP in 2023, up from 60.5% in 2022 due to a rise in war spending, and it is expected to reach 67% in 2024. Accountant General Yali Rotenberg said that 2023 was full of challenges and entailed a sharp increase in financing needs and 'required tactical and strategic adjustments' in the government's borrowing plan. Source: Maan News Agency
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