Search Results for: deficit

Government deficit far lower than expected

Posted on February 1, 2015

The Israeli Government’s 2014 deficit was NIS 29.9 billion (2.8% of GDP) compared to its budget of NIS 31.1 billion.  This is despite an unplanned NIS 7 billion cost of fighting Operation Protective Edge. http://www.globes.co.il/en/article-govt-deficit-far-lower-than-expected-1001000712

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Budget deficit halved

Posted on November 23, 2014

Israel’s budget deficit for Oct 2014 was NIS 2.1 billion compared with NIS 4.5 billion in Oct 2013.  Government spending was up 3.1% during Jan to Oct 2014 compared to the same period last year.  Tax revenues were up 7.2% … Continue reading →

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Deficit gets smaller

Posted on April 20, 2014

Israel’s budget deficit on government activity fell to NIS 2.5 billion in March 2014 from NIS 2.9 billion in March 2013. There was a budget surplus of NIS 100 million in the first quarter, compared with a deficit of NIS … Continue reading →

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Budget deficit lowest in 2

Posted on March 23, 2014

years. Israel’s accumulated budget deficit fell to NIS 28.6 billion or 2.7% of GDP. It is the lowest since Aug 2011 and below the government’s target of 3% of GDP. http://www.globes.co.il/en/article-budget-deficit-lowest-since-august-2011-1000922514

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Israel’s trade deficit reduced

Posted on January 19, 2014

Israel’s trade deficit fell to NIS 51.7 billion in 2013 from NIS 70.4 billion in 2012. Imports of goods fell 8 percent and imports of fuel fell 15 percent mainly due to the start of Israel’s natural gas production from … Continue reading →

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Israeli deficit shrinks further

Posted on December 15, 2013

The cumulative deficit for the last 12 months dropped sharply in November and totaled NIS 31.7 billion, 3% of GDP – much lower than the original target of 4.65% of GDP. http://www.globes.co.il/serveen/globes/docview.asp?did=1000900198&fid=1725

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Israel advances to Davis Cup tennis playoff

Posted on October 22, 2023

Israel’s national tennis team scored a surprise 3-2 win against Japan in the Davis Cup World Group, advancing to playoffs that could see it reach the tournament’s final 16. Singles wins by Daniel Zukerman and Yishai Oliel on Sunday overcame … Continue reading →

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Better training for ADHD sufferers

Posted on June 25, 2023

Trainers at Tel Aviv University’s Constantiner School of Education have developed Computerized Progressive Attention Training (CPAT) that significantly improved the attention deficit hyperactivity disorder (ADHD) symptoms of many participating students. https://www.israel21c.org/training-the-brains-attention-mechanisms-helps-in-adhd/ https://pubmed.ncbi.nlm.nih.gov/36794845/

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Government debt cut in half

Posted on March 13, 2022

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 … Continue reading →

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Still A+ with Fitch

Posted on February 27, 2022

Fitch Ratings has reaffirmed Israel’s A+ rating with a stable outlook. It noted the huge 8.1% increase in GDP for 2021, and a reduced budget deficit from 11.4% of GDP in 2020 to 4.5% in 2021. https://www.timesofisrael.com/fitch-affirms-israels-a-rating-citing-strong-2021-economic-performance/ https://www.fitchratings.com/research/sovereigns/fitch-affirms-israel-at-a-outlook-stable-29-07-2021

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