JERUSALEM, Feb 8 (NNN-MA’AN) – Israel’s annual budget deficit reached a record of 166.4 billion new shekels (about 50.6 billion U.S. dollars), said a report published by the Israeli Ministry of Finance yesterday.
The deficit figure, between Feb, 2020 and Jan, 2021, accounts for 12.1 percent of Israel’s GDP, much higher than the government’s target of three percent.
For the first month of 2021, the Israeli budget deficit reached 100 million shekels, compared with a surplus of 5.9 billion shekels recorded in Jan, 2020.
The Israeli government revenue in Jan amounted to 34.5 billion shekels, an increase of 2.7 percent, compared with the same month last year.
In addition, since the beginning of 2021, Israel’s government expenditures totalled 34.6 billion shekels, an increase of 25.1 percent compared to Jan, 2020.
