Categories: Gulf

Israel budget deficit narrows to 10.5% of GDP in May as tax income jumps

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)

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

SonÄ«pat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago