# Israeli Government Approves 2024 Budget Amendment

The Israeli Ministry of Finance stated today, Monday, that "the government has approved a revised state budget for this year, which includes additional funding of 55 billion shekels (15 billion dollars), following three months of war with the Islamic Resistance Movement (Hamas)." The additional funding includes allocations for defense, compensation for those affected by the war, as well as increased allocations for healthcare, social services, police, and education. In a related context, the Central Bureau of Statistics in Israel reported today that "the inflation rate fell more than expected to three percent in December, down from 3.3 percent in November, marking its lowest level in two years." This may support the trend of the Bank of Israel towards another interest rate cut.