Knesset finance commission approves budget deficit ceiling increase

The Knesset Finance Committee has passed an amendment to the law governing the state budget deficit, authorizing an increase in the 2024 limit from 2.25% to 6.4% of GDP, in both its second and third readings.

This decision grants the government the ability to raise the state budget deficit by an additional 70 billion shekels in 2024, aimed at facilitating military expenditure.