Apr 9, 2024, 8:50 PM
News ID: 85440424
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War on Gaza takes heavy toll on Israel's Hi-Tech sector: Reports

Apr 9, 2024, 8:50 PM
News ID: 85440424
War on Gaza takes heavy toll on Israel's Hi-Tech sector: Reports

Tehran, IRNA - The war on Gaza has taken its toll on the Israeli regime's economy, particularly the high technology sector, the Israeli media report.

Reports suggested that the ongoing war in the besieged Palestinian territory has caused a 30% reduction in investment in the Hi-Tech industry.

The Hebrew-language daily newspaper Maariv reported that the Israeli budget deficit hit $4 billion in March, the equivalent of 6.2% of Israel's GDP.

The report said that the Israeli regime is running a total budget deficit of about $7 billion this year.

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