Tel Aviv [Israel], January 8 (ANI/TPS): The average Israeli household will pay 5,661 shekels (USD 1,552) more in taxes and cost of living in 2025, members of the Knesset Youth Committee were told on Tuesday.

Chairwoman MK Naama Lazimi warned of the severe burden on young families, driven by increasing property taxes, electricity, water, and public transport costs, alongside declining incomes.

Also Read | South Korea Political Crisis: Court Grants Extension of Warrant To Detain Impeached President Yoon Suk Yeol Over His Short-Lived Imposition of Martial Law.

Economist Meir Azenkot attributed the rising costs to frozen tax brackets and subsidy reductions. (ANI/TPS)

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)