Bank of Israel concerned about state's massive budget deficit

Nonetheless, the committee members said the latest financial indicators for the economy reflected stabilization of economic activity and a modest improvement in the growth outlook for the next 12 months.

By Moti Bassok and Sivan Aizescu | 05:04 12.02.13 |

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Moti Bassok

Sivan Aizescu

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Officials at the Bank of Israel expressed concern last month about the government's fiscal policies in light of last year's NIS 39 billion budget deficit.

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Bank of Israel concerned about state's massive budget deficit

Nonetheless, the committee members said the latest financial indicators for the economy reflected stabilization of economic activity and a modest improvement in the growth outlook for the next 12 months.

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