Budget deficit halved in October

Mutual funds, finance  phtoto to go

The deficit in October was NIS 2.1 billion, down from NIS 4.5 billion in October 2013.

The Ministry of Finance Accountant General department has today published the budget performance and tax revenue figures for January-October 2014. The figures indicate that the budget deficit in October was NIS 2.1 billion, compared with NIS 4.5 billion in October 2013.

The January-October budget deficit totaled NIS 12.6 billion, compared with an NIS 18.5 billion deficit in the corresponding period last year.

The figures also show that government spending (excluding repayment of principal on the debt) totaled NIS 25.9 billion in October and NIS 204.7 billion in January-October, 3.1% more than in January-October 2013.

Tax revenues totaled NIS 20 billion in October. Nominal tax revenues totaled NIS 212.3 bill in January-October, up 7.2% in nominal terms, compared with the corresponding period last year.

Published by Globes [online], Israel business news - www.globes-online.com - on November 9, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

Mutual funds, finance  phtoto to go
Mutual funds, finance phtoto to go
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