Israel’s Finance Ministry says deficit for the last 12 months is 0.4% due to increased revenue and reduced spending as pandemic recovery continues

Deficit drops to nearly zero for the first time in 14 years
Luke Tress
June 13, 2022

Israel’s budget deficit has dropped to nearly zero as government revenues increase and expenditures fall amid the ongoing rebound from the coronavirus pandemic. The Finance Ministry said Thursday that the deficit as a percentage of GDP was 0.04% for the previous 12 months, including May. The ministry said the deficit was essentially “zero” for the first time since 2008. The target deficit for the year is 3.9% of GDP. READ MORE

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