Israel recorded a budget deficit of 22.9 billion shekels ($6 billion) in October, the Finance Ministry said on Wednesday, citing a spike in expenses to fund Israel's war with Hamas militants in the Gaza Strip.
As a percentage of GDP, the deficit over the prior 12 months rose to 2.6 percent in October from 1.5 percent in September, it said.
The ministry noted that revenue fell 15.2 percent last month due to tax deferments and lower social security income as a result of the war that began on Oct. 7.
Israel's deficit in September was 4.6 billion and in October 2022 it was 3.1 billion.
Israel recorded a budget
deficit of 22.9 billion shekels ($6 billion) in October, the
Finance Ministry said on Wednesday, citing a spike in expenses
to fund Israel's war with Hamas militants in the Gaza Strip.
As a percentage of GDP, the deficit over the prior 12 months
rose to 2.6 percent in October from 1.5 percent in September, it said.
The...
deficit of 22.9 billion shekels ($6 billion) in October, the
Finance Ministry said on Wednesday, citing a spike in expenses
to fund Israel's war with Hamas militants in the Gaza Strip.
As a percentage of GDP, the deficit over the prior 12 months
rose to 2.6 percent in October from 1.5 percent in September, it said.
The...