Government deficit falls below 2%

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% for 2017 and 3.4% for 2018.

http://www.globes.co.il/en/article-record-tax-revenues-push-budget-deficit-below-2-1001207204

http://www.globes.co.il/en/article-imf-raises-growth-forecast-for-israels-economy-1001207660

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