JERUSALEM: Israel posted a budget deficit of 10.5% of the gross domestic product in May, down from 11.2% in April, the Finance Ministry said on Tuesday.
The deficit amounted to 8 billion shekels ($2.5 billion) last month, after a 3.5 billion shekel gap in April.
The deficit has been narrowing thanks to a 22.6% jump in tax revenue since the start of the year, the ministry said.
Due to political infighting and four elections in two years, Israel is using a pro-rated budget from 2019.
A new government is expected to be sworn in next week.
($1 = 3.2430 shekels)
Israel budget deficit narrows to 10.5% of GDP in May as tax income jumps
