Amir Yaron, governor of the Bank of Israel, speaks during an interest rates news conference in Jerusalem, Israel, on Monday, Feb. 26, 2024.
Israel's central bank chief on Sunday called on the government to enact responsible fiscal policy by reining in non-defence spending to offset any further expansion in the military budget.
Israel intends to add some 20 billion shekels ($5.4 billion) of spending towards defence a year going forward.
Israel's economy grew 2% in 2023, with zero per capita GDP.
The governor said Israel's economy entered the war with good economic fundamentals and has in the past rebounded rapidly from crises.
Persons:
Amir Yaron, Israel, Yaron
Organizations:
Bank of Israel, Hamas, Jewish
Locations:
Jerusalem, Israel, Israel's, Gaza