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Israel’s budget deficit soars 3.9 percent from previous year

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Israel government’s fiscal deficit for the fiscal year soars 3.9 percent, from the previous fiscal year, the Israel Hume newspaper reported.

The public budget of Israel is experiencing a deficit increase of 54 million shekels, while in the same period of last year the deficit was 2.9 percent of the budget.

The newspaper stressed that there are several reasons for the existence of the shortfall in the forefront of spending on many sectors, including health, and for the first time is not the Ministry of Defense a party or cause of the shortfall budget.

It should be noted that the foreign exchange reserves of the Central Bank of Israel amounted to $ 113 billion.

Read also: Beware: Israeli company develops UFED tool that can penetrate any smartphone

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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