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Gad Lior

Increases to defense budget to cost Israeli households thousands

Average annual cost per household due to a 10 billion shekel increase is estimated at around 4,000 shekels ($1,000) per year, bringing higher taxes, reduced public services, finance ministry says

Gad Lior | 11.11.24

בנימין נתניהו ובצלאל סמוטריץ' בהצבעה לתקציב המדינה 2025

Government approves Israel's 2025 state budget

Ministers pass new budget marked at NIS 607.4 billion in a 23-7 majority vote following hours of intense discussions; opposition criticizes budget as selective and harmful

Gad Lior, Itamar Eichner, Moran Azulay | 11.01.24

As war in Lebanon drags on, economic growth projections turn sour

Facing economic turbulence, Israel's 2024 growth forecast slashed to 0.4% amid ongoing conflict, marking a significant downgrade; Government urged to revise the budget to support growth, focusing on rebuilding northern and southern regions

Gad Lior | 10.29.24

NIS 25 million in 10 seconds: The cost of Hassan Nasrallah assassination

Israel's war on northern front has cost some 25 billion shekels since the beginning of September, partly due to the use of expensive munitions; rising expenses will require the government to increase the defense budget

Gad Lior | 10.20.24

Israeli shekel surges on reports of Sinwar's death

Dollar drops by nearly 0.75% in after-hours trading, settling at around 3.73 shekels; Israeli currency gains approximately 1.4% against euro to trade at around 4.03 shekels

Gad Lior | 10.17.24

Iran strike cost Israel tens of millions in damage

Property Tax Authority estimate losses to civilian property at up to $53 million, marking the most severe missile attack on Israel since the war began

Gad Lior | 10.13.24

S&P slashes Israel’s credit rating, citing wscalating regional tensions

Days after Moody’s downgraded Israel’s credit rating, S&P follows with immediate and earlier-than-expected downgrade, adding negative outlook; citing escalating conflict with Hezbollah, S&P projects zero growth for 2024 and 9% deficit

Gad Lior | 10.02.24

ראש הממשלה, שר האוצר ומשרדי סוכנות הדירוג מודי'ס

Moody’s downgrades Israel’s credit rating by 2 levels amid economic concerns over war costs

Israel’s credit rating down from A2 to Baa1, agency cites government’s ineffective handling of war expenses; report warns deficit for 2024 and 2025 will significantly surpass set targets

Gad Lior | 09.28.24

Moody’s to lower Israel's rating for second time in a year on Friday

International credit rating company set to file harsh report detailing worry for Israeli economy amid government inaction and expanding war on northern border

Gad Lior | 09.27.24

Economists warn Israel of credit downgrade avalanche in war with Hezbollah

Israel’s credit rating, already downgraded by all major agencies, could face further hits if all-out war with Hezbollah erupts; economists warn this could lead to higher interest rates and shake investor confidence in country's financial stability

Gad Lior | 09.24.24

Bank of Israel averse to axing 200-shekel banknote

Israel's central bank issues statements against Netanyahu's plans to remove banknotes from circulation, but doesn't elaborate on specific reasons for denying move

Gad Lior | 09.24.24

פעילות אנשי פיקוד העורף בזירת הנפילה בקריית ביאליק

'Damage in northern Israel amounts to 1 billion shekels,' tax official says

Damages reported across northern Israel since start of war on October 7 continue to climb amid conflict with Hezbollah, compensation fund director reports; damages to south estimated at additional 1.5 billion shekels

Gad Lior | 09.23.24

Kill bill: Netanyahu pushing for quick phase-out of 200-shekel banknote

As part of fight against black market money, officials considering eliminating highest denomination of Israeli currency soon and gradually phasing out cash entirely; plan includes voluntary disclosure campaign and lowering transaction approval threshold

Gad Lior | 09.20.24

Moody's set to downgrade country's rating for second time, Israeli market officials fear

Following a third downgrade by Fitch, economy official says it's only 'a matter of time' until Israel's credit ratings will fall once again

Gad Lior | 08.19.24

Netanyahu, Smotrich backdown from embargo of Turkish import to PA

Senior finance officials claim the proposed move was utter folly and would harm the Israeli economy far more than Turkey's; PM and Finance Minister cave under pressure from business community

Gad Lior | 08.19.24