Gaza
Israel's debt soars toward 70% as deficit expands under multi-front war
Image credit: Shehab Wire (EN)
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Nearly three years after the October 7 attack and amid an ongoing multi-front conflict stretching from Gaza to Lebanon and Iran, Israel faces mounting economic costs, Shehab Wire reported. The occupation state's debt burden has climbed toward 70 percent of gross domestic product, while the budget deficit continues to widen under the strain of sustained military operations across multiple theaters.
The financial pressures reflect the cumulative toll of extended warfare on Israel's economy, with expenditures mounting across defense, infrastructure damage, and civilian displacement costs.
