Israel’s budget deficit as a percentage of GDP was a mere 0.04% for the 12 months till the end of May – the lowest in 14 years. Government revenues increased and expenditures fell amid the ongoing rebound from the coronavirus … Continue reading →

Israel’s budget deficit for 2021 was just 4.5% of GDP, compared to 11.7% for 2020. The improvement was due to higher tax revenue and lower Covid related expenditure. https://en.globes.co.il/en/article-israels-2021-budget-deficit-narrowed-to-45-1001397999

Israel’s cumulative fiscal deficit for the twelve months to the end of October 2021 narrowed to NIS 47.1 billion.  It represents 5.5% of GDP, which is far less than the 7.2% at the end of September. https://en.globes.co.il/en/article-budget-deficit-narrowed-sharply-in-october-to-55-1001390172

During August, Israel’s foreign currency reserves rose by over $4 billion to almost $206 billion. Israel’s cumulative fiscal deficit fell from 9.2% at end July (see here previously), to 8% at the end of August. https://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/05-09-21.aspx https://en.globes.co.il/en/article-israels-fiscal-deficit-narrows-to-8-1001384647

Israel’s cumulative government deficit for the twelve months to end July 2021 was 9.3% of GDP, down from 11.7% at the end of 2020. The main reason is increased revenue, up nearly 30% in 2021 compared to 2020. The government … Continue reading →

Some good recent economic statistics as Israel emerges from the pandemic. The average salary and those for hi-tech employees are up around 10% compared to a year ago. The annual deficit is now 11.2% of GDP (end Feb 12.4%). S&P … Continue reading →

Israel’s budget deficit has reached a new low, thanks to record tax income in October. Receipts of NIS 30.1 billion brought the cumulative deficit over the past 12 months to 1.4% of GDP, less than half of its target. This … Continue reading →

Thanks to Intel’s purchase of Israel’s Mobileye, the Israeli government received $4.1 billion of CGT from shareholders selling to Intel. It reduced government deficit to 1.9% of GDP. The IMF also raised its growth forecast for Israel’s economy to 3.1% … Continue reading →

Israel’s budget deficit was only 2.1% of GDP at the end of 2016 compared to a target of 2.9%.  The reason was a NIS 9 billion under-estimate of state revenues. http://www.globes.co.il/en/article-budget-deficit-down-to-215-in-2016-1001170940

Israel’s aggregate budget deficit in the past 12 months (October 2014-September 2015) amounted to 2% of GDP. The deficit from Jan to Sep 2015 was NIS 3.8 billion compared to NIS 10.9 billion in the same period of 2014. http://www.globes.co.il/en/article-israels-budget-deficit-down-to-2-1001072429