The deficit for the twelve months to the stop of April was .6% of GDP, the Ministry of Finance Accountant Basic claimed nowadays.


Israel’s fiscal deficit for the twelve months to the conclusion of April 2022 was .6% of GDP, just after a 1.4% deficit for the twelve months to the stop of March, and 2.2% for the twelve months to the conclude of February, the Ministry of Finance Accountant General described today. In the 12 months to the conclude of April 2021, the fiscal deficit was 15.7% because of to the Covid pandemic.

With a surplus of NIS 8 billion previous thirty day period, April was the fourth person thirty day period in succession in which there was a fiscal surplus. Given that the beginning of the year, Israel has recorded a fiscal surplus of NIS 31.4 billion.

The twelve-thirty day period deficit as a proportion of GDP is at its lowest considering the fact that 2008.

State revenues for January-March totaled much more than NIS 166.6 billion, 25.6% a lot more than in the corresponding interval of last calendar year. Together with the expansion in revenues, the Ministry of Finance has benefited from a decrease in expenditure, down 15.7% inside a yr, to NIS 134.6 billion. The primary rationale for the decline is the ending of the state’s safety web for companies and the unemployed for the duration of the coronavirus pandemic.

Minister of Finance Avigdor Liberman mentioned, “We have reached a deficit of .6%. Right before the elections in 2019, the deficit was 3.7% – that is a massive difference.” Liberman pledged that there will not be any election economics.

Published by Globes, Israel business news – en.globes.co.il – on May 10, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



Avigdor Liberman Credit: Knesset Spokesperson Yaniv Nadav