Israel's budget deficit widened to 6% of GDP for the 12 months ending May 31, 2020, the Ministry of Finance reports. The deficit has continued widening since the coronavirus crisis took hold - from 4.8% at the end of April, 4% at the end of March and 3.1% at the end of February. The total deficit between January and May 2020 was NIS 46.2 billion compared with just NIS 1 billion in the corresponding period of 2019. RELATED ARTICLES S&P affirms Israel ratings with stable outlook Israel's budget deficit widens to 4.8% The Ministry of Finance said there was a budget deficit of NIS 9 billion in May 2020 compared with NIS 1 billion in May 2019. The Bank of Israel research department forecasts that the budget deficit for 2020 will amount to NIS 150 billion or 11.5%. Published by Globes, Israel business news - en.globes.co.il - on June 7, 2020 © Copyright of Globes Publisher Itonut (1983) Ltd. 2020
