Israel’s Budget Deficit Climbs To NIS 14 Billion


New numbers published by the Finance Ministry show the government budget deficit grew to some NIS 14 billion ($3.9 billion) in June.

The number, representing 3.9% of the GDP, is just a slight rise over the 3.8% deficit reported in April and May, but well beyond the 2.9% target set by the treasury.

Former finance minister Yair Lapid, No. 2 in the Blue and White party, says the true deficit is even higher, and calls for a change at the top.

Read more at Times of Israel.



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