The Israeli government’s deficit shrank by 30 percent, from $5.7 billion in the first nine months of 2013 to only $4 billion in the same period this year, Globes reported on Monday.
September’s deficit was only $250 million.
The deficit for the past 12 months represents 3.2 percent of the Gross Domestic Product (GDP), slightly more than the desired ceiling of 3 percent. The continuing decline in the government deficit will probably bring down number to below 3 percent by the end of the year.
Tax revenues grow by nearly 10 percent in the nine-month period, not including September payments that were not recorded until October because of the recent holidays.
Spending grew by 5.1 percent but less than the budgeted 8.8 percent increase.Jewish Press News Briefs
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