2012 deficit figures expose Israeli government failure
Expected deficit and tax revenues figures are significantly worse than the goals the state set for itself last year.
The Finance Ministry is set to publish its figures on tax collection and the deficit for 2012 today. No surprises are expected and, as far as is known, the figures will be similar to treasury forecasts published at the end of November - a deficit equal to 4.2% of GDP and tax revenues of around NIS 219 billion. Both figures are particularly bad and show that the government's macroeconomic policy failed in 2012:...
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