国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Israel's deficit jumps to 3.6 pct of GDP, highest since 2012

Source: Xinhua| 2018-11-06 06:13:14|Editor: yan
Video PlayerClose

JERUSALEM, Nov. 5 (Xinhua) -- Israel's deficit for the last 12 months stood at 3.6 percent of gross domestic product (GDP), highest since 2012, with the target for 2018 at only 2.9 percent, the state's Ministry of Finance published on Monday.

The gap between the deficit target and the actual deficit is about 9 billion new shekels (2.44 billion U.S. dollars). This is an even higher deviation than expected by the ministry, whose members held a discussion on the matter and expressed concern about the situation.

The ministry explained the high deficit recorded by the fact that the last 12 months also include December 2017, which had relatively low revenues due to a one-time provision of 4 billion new shekels to the Property Tax Fund due to high revenue than expected that year.

In real figures, state revenues fell by 8 percent from October 2017, a 12-percent drop in indirect taxes and a 5-percent decrease in direct income.

The rate of growth in tax revenues was only 2 percent this year, compared with an average of 6 percent in recent years.

In September, the Ministry of Finance noted that one of the reasons for the high deficit was the postponement of tax collection following the Jewish holidays for October, but now that the additional collection is weighted, the deficit is still exceptional.

Israel's government expenditure also continued to exceed frameworks and rose by 7.2 percent in 2018, compared with the same period last year.

The Ministry of Finance noted that the rate of increase in ministries expenses is expected to moderate toward the end of 2018.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521375846061
主站蜘蛛池模板: 开江县| 昭通市| 饶河县| 连南| 东山县| 井研县| 北宁市| 防城港市| 通山县| 梧州市| 怀柔区| 黔南| 镶黄旗| 灵宝市| 洛阳市| 修武县| 丁青县| 麻栗坡县| 资中县| 阿图什市| 济阳县| 资源县| 郴州市| 海兴县| 昭苏县| 右玉县| 民权县| 繁昌县| 东莞市| 开原市| 宜兰市| 青神县| 临夏县| 安仁县| 尤溪县| 宜良县| 通道| 辛集市| 新竹县| 读书| 台中县|