New Decline of the Shekel as Enemy’s Budget Records Over $2 Billion Deficit in the Past Month
As confrontations intensify on the Lebanese front and resistance operations escalate in Palestine, alongside supporting fronts in Iraq and Yemen, the Zionist enemy’s economy continues to reel from direct repercussions. Already mired in numerous security and military crises, the enemy recorded a new financial deficit for September, further underscoring that its ongoing aggression in Gaza is paving the way for further intense blows.
The so-called “Ministry of Finance” in the criminal Netanyahu government announced yesterday that the budget deficit for September amounted to 8.8 billion shekels ($2.34 billion), due to the severity of the war in Gaza and its expansion to Lebanon and other fronts. This was a clear reference to the impact of the recent escalation of operations in Gaza, Lebanon, and the supporting fronts in Yemen, Iraq, and Iran.
Zionist financial authorities indicated that the deficit has been increasing for six consecutive months, admitting their failure to contain the ongoing economic deterioration under the weight of continuous blows from all sides.
Despite the enemy government’s imposition of significant tax and customs hikes, with rates reaching nearly 10%, the increased revenues have done little to mitigate the escalating deficit or the broader economic decline. This highlights the impact of resistance operations and supporting fronts in striking the enemy’s economy, despite continuous Western and American support.
The acknowledgment of this new financial deficit comes just a day after the enemy’s currency, the shekel, saw another decline, dropping 3.4% against the dollar.
The American agency “Bloomberg,” citing so-called Israeli economic sources, reported that this latest drop places the Zionist entity in its worst economic period in 12 years.
The report pointed out that the escalating war on the Lebanese border and the intensifying operations by Palestinian factions in Gaza, the West Bank, and other areas will continue to drag the Zionist economy into deeper lows. Furthermore, the potential for escalation with Iran, coupled with the growing capabilities of Yemen and Iraq, could eventually cripple the Zionist economy entirely.
Amid these collapses, Bezalel Smotrich, the so-called “Minister of Finance” in Netanyahu’s criminal government, referred to the Zionist attacks on Palestine and Lebanon as “the most expensive war in Israel’s history,” without fully acknowledging the scale of losses. Smotrich limited his remarks to the financial outlays since the beginning of the “Al-Aqsa Flood” operation, confirming that they have neared $67 billion, however, the enemy’s other losses—stemming from the suffocating Yemeni blockade, which has paralyzed vital sectors and disrupted key revenue streams—further inflate the costs beyond what Smotrich revealed.
Smotrich also acknowledged that the Zionist economic losses show no signs of stopping, stressing that the continuation of aggression against Gaza and Lebanon will only multiply the financial toll.
It is worth noting that “Standard & Poor’s,” the world’s largest credit rating agency, downgraded the Zionist entity’s credit rating earlier this month, adding a negative outlook due to the mounting risks surrounding the enemy from all sides. This downgrade has accelerated the flight of investments from occupied Palestine. The agency’s downgrade followed a similar action by “Moody’s,” which lowered the enemy’s credit rating by two full levels.
These downgrades are attributed to the escalating operations in occupied Palestine, Lebanon, Yemen, Iran, and Iraq, with their continued momentum likely to cause deeper ruptures in the economic structure of the Zionist entity by Allah’s will.
Given all this recent data, it is clear to everyone that the Zionist enemy is enduring severe economic blows in addition to its setbacks in security, military, and political arenas. Persisting with its aggression in Gaza and Lebanon seems like a path to self-destruction and inevitable collapse.