Home
Storia in 1 fonti
Treasury warns wartime defense spending could force 4.5% VAT hike
Finance officials say meeting Defense Ministry’s full budget request would require a sharp tax increase, raising costs across Israel’s economy
Raccontata da
ynetnews.com
Timeline cronologica
- ·
Israel's ballooning $50B war bill: IDF warns it cannot keep operating without urgent funds
The Treasury says the demand is excessive, warning that tens of billions more for defense could force deep civilian cuts and strain Israel’s credit rating
- ·
Treasury warns wartime defense spending could force 4.5% VAT hike
Finance officials say meeting Defense Ministry’s full budget request would require a sharp tax increase, raising costs across Israel’s economy
- ·
Finance Ministry agrees to give Defense Ministry immediate $5B budget hike
Compromise avoids reopening 2026 state budget for now, after Treasury warned Defense Ministry’s full request could force sharp VAT hike