Israel faces the necessity to borrow extensively to support its gravest armed engagement in decades, due to the demands of its current financial situation. With a whopping $300 billion debt stock to manage, the conflict has doubled the cost of insuring its sovereign bonds against default.
Due to war, Israel's Fitch credit rating stands at 'Rating Watch Negative' ynetnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ynetnews.com Daily Mail and Mail on Sunday newspapers.
International credit rating agency Fitch has placed Israel's sovereign debt rating of "A+" on "Rating Watch Negative".The decision follows a shift in the perception of geopolitical risk in the wake of the ongoing .
Finance Ministry aiming to cut millions from Judea and Samaria budget israelnationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from israelnationalnews.com Daily Mail and Mail on Sunday newspapers.
The new projects are part of an Israeli government decision to be more energy efficient and increase renewable energy use on government properties, thereby significantly reducing costs.