There has been little commentary on how the new budget may solve the truly crippling problems the nation confronts. All ships using the Suez Canal to deliver goods from Asia to Europe and vice versa have to pass through the narrow strait threatened by Houthi missiles. Previously, they tried firing missiles over a long distance to hit Israel but failed to penetrate the air defense system. As a result of Houthi missile attacks on commercial shipping, several companies have decided to avoid using the Suez Canal. The Houthi attacks are causing serious disruptions in global shipping.

Source: Philippine Star December 20, 2023 23:26 UTC