Knesset Passes Deficit Cap Bill

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Knesset

The Times of Israel

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Knesset approves 2024 budget expansion to pay for wartime costs

Summary

Nutrition label

77% Informative

Knesset votes to give final approval to bill raising deficit cap and expanding 2024 budget by billions to cover defense outlays.

The legislation raised the deficit ceiling to 7.7 percent of gross national production, from its current cap of 6.6% .

Lifting the ceiling will allow the government to add roughly NIS 33 billion ( $9 billion ) to the 2024 budget, with the vast majority of the funds going to defense.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful