Deficit at 1.98% of GDP in '05

The year's budget had originally taken into account a deficit amounting to 3% of GDP.

By DANIEL KENNEMER
May 18, 2006 07:00

Israel's government deficit totalled NIS 11 billion in 2005, the equivalent of 1.98 percent of the gross domestic product in 2005, slightly above the 1.94% initially estimated, the Finance Ministry said Wednesday. The year's budget had originally taken into account a deficit amounting to 3% of GDP. The deficit has fallen sharply from 3.86% of GDP in 2004 and 5.63% in 2003, the ministry noted.


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