Israel's 12-month budget deficit down to 5.3 pct of GDP

The Star Kuala Lumpur

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Israel's 12-month budget deficit down to 5.3 pct of GDP

JERUSALEM, March 10 (Xinhua) -- Israel's budget deficit for the 12 months ending in February decreased to 5.3 percent of gross domestic product from 5.8 percent for the 12 months ending in January, the Israeli Finance Ministry said Monday in a statement. Read full story

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Israel's fiscal deficit narrows for fifth straight month

Record tax revenues and lower government spending due to the ceasefire and restrictions until the 2025 budget is passed have improved the fiscal deficit.

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The year started almost exactly the same as last year, when the budget collapsed in just a few months.

Heti Világgazdaság

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The public finances were also burdened by significant government bond yield payments and the 13th month pension in February. The deficit in two months was 1.7 thousand billion forints – the annual plan is 4.2 thousand billion forints.