Israeli cabinet approves extra budget for evacuees amid conflict

Israeli cabinet approves extra budget for evacuees amid conflict
Israeli cabinet approves extra budget for evacuees amid conflict

Israel's cabinet approved an additional 3.4 billion shekels ($923 million) on Sunday, for the 2024 budget to assist evacuees through the end of the year.

As per Reuters, thousands of Israelis from the northern regions have been relocated to hotels because of ongoing rocket attacks by Hezbollah since the Israel-Hamas conflict began on October 7.

This also includes people from Gaza border areas, referred to as "conflict zones."

The Israeli shekel is the currency of Israel and is also used as legal tender in the Palestinian territories of the West Bank and Gaza Strip.

Moreover, the ministry added that 525 million shekels of the new budget are repurposed from earlier spending cuts, and 200 million shekels will be used to support army reservists.

They are working to get these budget changes approved by parliament quickly.

Finance Minister Bezalel Smotrich noted that this additional funding will not increase the budget deficit, which is expected to meet the 2024 target of 6.6% of GDP.

The deficit had reached 8.1% of GDP in July due to higher military spending.

Related
Read more : World

UNESCO adds Cambodia's Khmer Rouge genocide sites into World Heritage list

UNESCO adds Cambodia's Khmer Rouge genocide sites into World Heritage list
Cambodia’s Khmer Rouge genocide sites after 50-year added to UNESCO’s World Heritage List

World's oldest president, Paul Biya, announces bid for eighth term

World's oldest president, Paul Biya, announces bid for eighth term
Cameroon's longest-serving leader, Paul Biya, enters the presidential race for his eighth term in office

UK ‘way of life under threat’ as extreme weather becomes norm, lawmakers warn

UK ‘way of life under threat’ as extreme weather becomes norm, lawmakers warn
Britain's latest heatwave sizzles England, Wales, and Scotland as temperatures hit 30°C over the weekend

Trump gets booed at FIFA Club World Cup on assassination attempt anniversary

Trump gets booed at FIFA Club World Cup on assassination attempt anniversary
US President Trump and First Lady Melania Trump attended the FIFA Club World Cup final in New Jersey

Grand Canyon Lodge destroyed by fast-moving wildfire

Grand Canyon Lodge destroyed by fast-moving wildfire
Several infrastructures including the only lodge present in the Grand Canyon turned into ashes due to wildfire

Kentucky shootings leave several injured, suspect confirmed dead

Kentucky shootings leave several injured, suspect confirmed dead
A man with firearm shot a trooper before fleeing the scene to the Richmond Road Baptist Church

Southend Airport crash: Small aircraft bursts into flames shortly after takeoff

Southend Airport crash: Small aircraft bursts into flames shortly after takeoff
The aircraft, a 40-foot-long Beech B200, was on its way to the Netherlands but only climbed to 175 feet before it went down

Muhammadu Buhari, former Nigerian president, dies at 82 in London

Muhammadu Buhari, former Nigerian president, dies at 82 in London
After Buhari's death, the current president, Tinubu sent the vice president to London to bring back his body