Globes: Budget deficit nearly doubles
Published on Oct 11 2012 // Business and Financial News, Economy
11 October 12 13:07–The budget deficit has nearly doubled, rising to NIS 19 billion in January-September 2012 from NIS 10.2 billion in the corresponding months of 2011, the Ministry of Finance reported today. The government deficit totaled NIS 2.4 billion in September alone, including NIS 1.9 billion for domestic activity.
Tax revenues totaled NIS 18.5 billion in September, compared with NIS 17.6 billion in September last year, while government expenditures totaled NIS 25.3 billion in September. Expenditures excluding credit totaled NIS 20.6 billion…Read More>>
