Live Update 
From the Liveblog of
Tuesday, December 24, 2024
From the Liveblog of
Tuesday, December 24, 2024
Knesset approves 2024 budget expansion to account for wartime costs
The Knesset has voted to give final approval to a bill raising Israel’s deficit cap and expanding the 2024 budget by billions to cover defense outlays.
The bill passes its second and third readings in the Knesset by a vote of 62-52 largely along party lines.
The legislation raises Israel’s deficit ceiling to 7.7 percent of gross national production, from its current cap of 6.6%. Lifting the ceiling will allow the government to add roughly NIS 33 billion ($9 billion) to the 2024 budget, with the vast majority of those funds going to defense spending.
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