In line with the estimate by the Accountant Basic within the Ministry of Finance revealed at this time, state revenues for the interval January-August 2022 totaled NIS 315.7 billion, 19.1% greater than within the corresponding interval of 2021. State expenditure in the meantime fell by 9.1%, due to the ending of help given throughout the Covid-19 pandemic. Excluding the Covid-19 help, authorities expenditure rose 3.8% in January-August 2022 compared with January-August 2021. In 2021, there was a considerable switch to the previous pension funds, and excluding this, complete authorities expenditure rose by 5.5% between the 2 durations.
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In line with the Accountant Basic’s estimate, Israel had a fiscal surplus of NIS 9.8 billion, or 0.6% of GDP, for the twelve months to the top of August 2022. Servicing the nationwide debt, which quantities to over NIS 1 trillion, will value some NIS 34 billion in 2022.
NIS 700 million was paid into Israel’s sovereign wealth fund from income on fuel manufacturing in August this 12 months, following NIS 1.1 billion paid into the fund in June.
92% of the deliberate spending on help due to the Covid-19 pandemic has been executed. Altogether, help amounted to NIS 178.5 billion between 2020 and 2022.
In August itself, there was a fiscal deficit of NIS 1 billion.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on September 8, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.