Israel Budget Deficit Shrinks Most in August Since Pandemic
Photographer: Rina Castelnuovo/Bloomberg
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Israel’s budget deficit narrowed by 1.2 percentage points in August, its highest monthly drop since the start of the coronavirus pandemic.
The 12-month trailing deficit shrank to 8.0% of gross domestic product, down from 9.2% last month, according to a Finance Ministry report released on Monday. The Israeli government’s proposed budget deficit target for 2021 is 6.8% of output.