2025 Israel. While the ongoing lebanon and gaza conflict continues to weigh heavily on israel's economy, shmuel abramzon, chief economist for the israeli finance ministry says. Israel's cabinet met thursday to approve a 2025 state budget that calls for deep spending cuts and tax rises to cover the ballooning cost of the war.

Israel’s cabinet met thursday to approve a 2025 state budget that calls for deep spending cuts and tax rises to cover the ballooning cost of the war. The state budget proposal presented to the government allocates nis 605 billion ($163 billion) for 2025, which is about nis 18 billion ($4.8 billion) more than this year and nis.