The Israeli government’s deficit shrank by 30 percent, from $5.7 billion in the first nine months of 2013 to only $4 billion in the same period this year, Globes reported on Monday.
September’s deficit was only $250 million.
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The deficit for the past 12 months represents 3.2 percent of the Gross Domestic Product (GDP), slightly more than the desired ceiling of 3 percent. The continuing decline in the government deficit will probably bring down number to below 3 percent by the end of the year.
Tax revenues grow by nearly 10 percent in the nine-month period, not including September payments that were not recorded until October because of the recent holidays.
Spending grew by 5.1 percent but less than the budgeted 8.8 percent increase.
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