World
Israel’s budget deficit worsens in October due to Gaza escalation
Israel Economy, Tel Aviv, Financial District
Israel ran a budget deficit of 22.9 billion shekels ($6 billion) in October, according to official data from the Finance Ministry.
The ministry attributed the shortfall to overspending to finance the war with the Palestinian Hamas movement in the Gaza Strip.
The deficit as a percentage of GDP widened to 2.6 percent in the twelve months to October, compared with 1.5 percent in September, he added.
The ministry pointed out that revenue fell 15.2 percent last month due to tax deferrals and lower social security income as a result of the war that broke out on October 7.
The deficit was 4.6 billion shekels in September, compared to 3.1 billion shekels in October last year, representing a more than 7-fold increase in the deficit.
On the other hand, the number of tourists in Israel dropped by 73 percent this October due to the war on Gaza.
According to data from the Israel Bureau of Statistics, nearly 99,000 visitors, most of them classified as tourists, visited Israel in October, up from 369,000 in the same month last year and about 485,000 in the same period in 2019 before the coronavirus pandemic. .
According to the “Secret Flights” report, 454,000 Israelis left the country last month, and flights to and from Ben Gurion International Airport have dropped by an average of 80 percent since the outbreak of war.
Meanwhile, Israeli economic newspaper Calcalist reported Sunday that the cost of Israel’s war against Hamas in the Gaza Strip could rise to 200 billion shekels ($51 billion), citing preliminary figures from the Finance Ministry.
Estimates of costs equivalent to 10 percent of GDP are based on the likelihood that the war will continue for 8 to 12 months, with the matter confined to Gaza without the full participation of Lebanese Hezbollah. , Iran, or Yemen, as well as about 350,000 displaced Israelis who quickly return and will soon be recruited into the reserve forces.
The cost of revenue losses will be between another 40 and 60 billion shekels, and between 17 and 20 billion shekels in compensation to Israeli companies and 10 and 20 billion shekels for rehabilitation.
Finance Minister Bezalel Smodrich earlier said the Israeli government was preparing an economic aid package for victims of Palestinian attacks that would be “bigger and broader” than during the Covid-19 pandemic.
Prime Minister Benjamin Netanyahu said Thursday that the government is committed to helping all victims.
He added: “My orders are clear: open the taps and pay the money to those who need it without giving out numbers.
He added: “Over the last decade, we have built a very strong economy here, as we did during the Covid crisis, and even if war imposes economic losses on us, as it does now, we will pay them without hesitation. “
Following the outbreak of war, Standard & Poor’s lowered its outlook for Israel’s rating to “negative”, while Moody’s and Fitch put Israel’s ratings on review for a possible downgrade.
Because of the war, Israel’s economy would suffer a deep depression
Israel News
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US President Joe Biden has set a deadline to end Israel’s war on Gaza, US sources said, while US intelligence agencies believe Israel has ignored US calls for an ongoing occupation since October 7.
The website Politico cited three Israeli officials as saying that the US president’s administration has given Israel until the end of the year to end its war on the Islamist movement (rebellion)
An official explained that the US administration had advised Israel not to go to Gaza But Israeli Prime Minister Benjamin Netanyahu’s administration ignored this and continued with plans to infiltrate the area.
Biden spoke by phone with Netanyahu yesterday, and the White House stressed the urgent need for the US president to “protect civilians and separate civilians from Hamas, including corridors that allow people to safely evacuate designated areas of fighting. .”
A fatal attack
On the other hand, the Huffington Post website quoted a US official as saying that US intelligence estimates that the Israeli military is continuing to operate at the same pace and showing limited concern for civilians despite repeated US calls for restraint.
The official said he doubted the current Israeli military offensive would be bloodier than Israel’s assault on the northern Gaza Strip in the first phase of its occupation of Gaza.
Citing a US State Department official that the Israeli military is waging a “campaign of ethnic cleansing” in Gaza, a US diplomat said Washington was angry at how it had “literally” tarnished Netanyahu’s reputation. America to advance its own political agenda.
In this case, the Associated Press quoted a senior US State Department official as saying that the death toll in Gaza is still high as Secretary of State Anthony Blinken spoke by phone with Israeli Strategic Affairs Minister Ron Termer. Israel should make more efforts to allow humanitarian aid to enter it.
Blinken, after a press conference with his British counterpart David Cameron yesterday, said there was a gap between the Israeli government’s stated intentions to protect civilians and the number of casualties in the Strip.
“For example, it’s not just about creating safe zones, it’s about communicating where non-combatants know where, when and by what means they can escape. Refugees must be provided with food, water and medicine. These safe zones,” he added.
Over two months of Israeli attacks on the Gaza Strip have claimed more than 17,000 lives and injured some 46,000 people, in light of the widespread destruction of infrastructure and the displacement of more than two dozen Gazans in addition to the worsening humanitarian crisis. million, for areas south of the Strip.
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The US Bloomberg agency quoted Palestinian Prime Minister Muhammad Shtayeh as saying that the Palestinian Authority is working with US officials on a plan to manage the Gaza Strip after the end of the war.
The preferred outcome of the conflict is for the Islamist movement (Hamas) currently operating in the Gaza Strip to become a junior partner in Palestinian liberation, Shtaeyeh said in an interview with Bloomberg on Thursday from his headquarters in Ramallah. The organization aims to establish a new independent state that includes the West Bank, Gaza Strip and Jerusalem.
Shtayeh said that the Palestinians should not be divided and that Israel’s goal of completely eliminating Hamas is unrealistic, and that there is room for negotiation if Hamas is willing to accept the PLO’s political approach and reach an agreement.
Phil Gordon, the US vice president’s national security adviser, held discussions with Palestinian officials in Ramallah about the “revitalization” of the Palestinian Authority, the White House said last Wednesday.
He insisted that a revived Palestinian Authority would be able to govern the Gaza Strip and the West Bank.
According to the White House, he emphasized the need to strengthen the Palestinian Authority’s security forces to eventually take over responsibilities in Gaza.
In a related context, the British newspaper The Times said that a British military team is operating in the West Bank to prepare the Palestinian Authority to take over the administration of the Gaza Strip.
According to Israeli figures, 1,200 people were killed and about 240 detained and captured after attacks on Israeli cities on October 7, after which Israel pledged to eliminate Hamas.
More than 17,170 Palestinians have been killed and about 46,000 injured since Israel began shelling the Gaza Strip following the “Al-Aqsa Flood” operation in response to the occupation, according to the Ministry of Health in the Gaza Strip. Against the Palestinian people and their sanctity.
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Yesterday, UNESCO added Peruvian ceviche – a dish made from marinated raw fish – to the Intangible Heritage of Humanity list.
According to local anthropologists, the type of fish used to prepare this dish varies from one region to another.
According to celebrity chef Javier Vargas, president of the Peruvian Seafood Restaurants Association, there are at least a thousand recipes or methods of preparing ceviche in the country.
The Peruvian Ministry of Culture welcomed UNESCO’s announcement that the addition of Chevy to the organization’s list of “Intangible Heritage of Humanity” is “the first of the traditional Peruvian cuisines and recognizes all participants in the food’s value chain. Fishermen from the coast, the Andes and the Amazon, farmers and chefs.”
The Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage, which met in Botswana last Monday, approved the inclusion of ceviche in the UNESCO list of Intangible Cultural Heritage of Humanity.
• Eating the food varies from one region to another depending on the type of fish used to prepare it.
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