Budget deficit hits record low

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 despite a 9.2% increase in Government spending over the same period.

http://www.globes.co.il/en/article-tax-collection-sets-new-record-in-october-1001211044

This entry was posted in Economy & Business. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *