Wednesday, November 13th | 15 Heshvan 5780

January 6, 2019 12:52 pm

Finance Minister: Israel Met 2.9 percent/GDP 2018 Budget Deficit Target

avatar by Reuters and Algemeiner Staff

Israeli Finance Minister Moshe Kahlon. Photo: Reuters / Ronen Zvulun.

Israel met its budget deficit target of 2.9 percent of gross domestic product for 2018, Finance Minister Moshe Kahlon said on Sunday.

Kahlon has said consistently the government would not break the budget, despite data in recent months showing the deficit could breach the 2.9 percent target in 2018.

“The Finance Ministry met the target,” he said in a speech.

The government has set the same deficit target for 2019.

Related coverage

November 13, 2019 7:12 am

Islamic Jihad Renews Rocket Barrage on Israel, as Gaza Flare-Up Enters Second Day

Terrorists in the Gaza Strip fired rockets into Israel early Wednesday morning and the IDF hit back from the air,...

Data in October showed the deficit over the prior 12 months jumping to 3.6 percent of GDP, raising concerns of a loosening of fiscal policy.

Official data on the budget deficit is slated to be published later this month.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.