State's budget deficit swells to 4.2% of GDP, exceeding target
The NIS 39.1 billion in overspending means the deficit is nearly a full percentage point above the 3.4% deficit target for 2012.
The government's budget deficit swelled to 4.2% of gross domestic product in the 12 months through the end of November 30, putting it way above the ceiling set months ago by the cabinet, the Finance Ministry said on Wednesday.
register with haaretz
Like us on Facebook and get articles directly in your news feed