Search Results for: deficit

Inflation & deficit fall

Israel’s Consumer Price Index fell 0.3% in May, below analysts’ expectations. It brings annual inflation in Israel down to 3.1%. The largest fall (2.4%) was in transport and communications. Israel’s fiscal deficit fell to 5.1% due to a NIS 1.6 … Continue reading

Posted in Economy & Business | Leave a comment

Deficit reduced again

Israel’s fiscal deficit narrowed in the twelve months to the end of April 2025, for the seventh consecutive month, to 5.1% of GDP, or NIS 104.7 billion from 5.2% at end of March. https://en.globes.co.il/en/article-israels-fiscal-deficit-narrows-for-seventh-straight-month-1001510072

Posted in Economy & Business | Leave a comment

Deficit reduced again

Israel’s fiscal deficit narrowed in the twelve months to the end of Feb 2025, for the fifth consecutive month, to 5.3% of GDP, or NIS 107.9 billion. Tax revenues rose from record Israeli bank profits. Foreign exchange reserves rose over … Continue reading

Posted in Economy & Business | Leave a comment

Deficit narrows

Israel’s fiscal deficit has fallen sharply from 6.9% of GDP in the twelve months to the end of Dec 2024 to 5.8%, or NIS 115 billion, in the twelve months to the end of Jan 2025. It follows an all-time … Continue reading

Posted in Economy & Business | Leave a comment

Deficit drops to almost zero

Israel’s budget deficit as a percentage of GDP was a mere 0.04% for the 12 months till the end of May – the lowest in 14 years. Government revenues increased and expenditures fell amid the ongoing rebound from the coronavirus … Continue reading

Posted in Economy & Business | Leave a comment

Budget deficit slashed

Israel’s budget deficit for 2021 was just 4.5% of GDP, compared to 11.7% for 2020. The improvement was due to higher tax revenue and lower Covid related expenditure. https://en.globes.co.il/en/article-israels-2021-budget-deficit-narrowed-to-45-1001397999

Posted in Economy & Business | Leave a comment

Deficit reduced

Israel’s cumulative fiscal deficit for the twelve months to the end of October 2021 narrowed to NIS 47.1 billion.  It represents 5.5% of GDP, which is far less than the 7.2% at the end of September. https://en.globes.co.il/en/article-budget-deficit-narrowed-sharply-in-october-to-55-1001390172

Posted in Economy & Business | Leave a comment

Record currency reserves; deficit down again

During August, Israel’s foreign currency reserves rose by over $4 billion to almost $206 billion. Israel’s cumulative fiscal deficit fell from 9.2% at end July (see here previously), to 8% at the end of August. https://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/05-09-21.aspx https://en.globes.co.il/en/article-israels-fiscal-deficit-narrows-to-8-1001384647

Posted in Economy & Business | Leave a comment

Revenue up, deficit down

Israel’s cumulative government deficit for the twelve months to end July 2021 was 9.3% of GDP, down from 11.7% at the end of 2020. The main reason is increased revenue, up nearly 30% in 2021 compared to 2020. The government … Continue reading

Posted in Economy & Business | Leave a comment

Salaries up, deficit down, rating unchanged

Some good recent economic statistics as Israel emerges from the pandemic. The average salary and those for hi-tech employees are up around 10% compared to a year ago. The annual deficit is now 11.2% of GDP (end Feb 12.4%). S&P … Continue reading

Posted in Economy & Business | Leave a comment