Government debt cut in half

Israel’s budget deficit fell to 2.2% of GDP for the 12 months to Feb 2022, compared to 4.5% at the end of 2021. In the month of Feb itself, the government had a rare budgetary surplus of NIS 4 billion due to high revenues from taxes, although Israel’s tax burden is the sixth lowest in the OECD.

https://en.globes.co.il/en/article-israels-fiscal-deficit-narrows-further-1001404825

https://en.globes.co.il/en/article-treasury-chief-economist-israels-tax-burden-below-oecd-average-1001404799

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