Israel approves budget, sets 2025 deficit at 4.9 pe rcent of GDP

Israel’s parliament on Thursday approved the framework for the 2025 state budget and its accompanying economic plan, clearing a political hurdle that likely paves the way for final approval by the end of the month to avoid the collapse of the government.

The current budget for 2025 sets the deficit target at a maximum of 4.9 per cent of gross domestic product, higher than an initial figure of 4.4 per